News
Malaysian Business Reporting System (MBRS) 2.0
The Malaysian Business Reporting System or its acronym, MBRS refers to the submission platform based on the eXtensible Business Reporting Language (XBRL) format. The MBRS allows for the submission of: Annual Return (AR); Financial Statements and Report (FS); and...
Transfer Pricing
Transfer pricing refers to the pricing of transactions between associated entities, such as the acquisition or supply of property or services. Ideally, the transfer price should align with the market price that would apply in transactions between independent entities....
E-Invoice Implementation and Exemption
The Government of Malaysia implement e-Invoice in stages in an effort to enhance the efficiency of Malaysia’s tax administration management. The e-Invoice will enable near real-time validation and storage of transactions, catering to Business-to-Business (B2B),...
New Audit Exemption Criteria For Private Companies
The Companies Commission of Malaysia ("CCM/SSM") has introduced new audit exemption criteria for private companies. On 16 December 2024, the CCM/SSM issued a new Practice Directive No. 10/2024 “Qualifying Criteria For Audit Exemption For Certain Private Companies In...