TECHNICAL Archives | Page 9 of 10 | Accountants Today | Malaysian Institute of Accountants (MIA)

Who Bears the Taxes in the Digital Arena?

The world is in a predicament on how to tax services provided over the Internet. This becomes even more difficult when the service providers do not have any physical presence within the country. The money flows cannot be stopped as banking systems are transnational and any stoppage would hamper the wider trade flows which will have an impact on the economy.

June 17, 2019
2.2K views

Comparing Negative Interest Rates Policy & Mudarabah Investment Deposits

Heavyweight economies such as Sweden, Denmark, Switzerland, Japan, and EU (via the European Central Bank) initially introduced negative interest rate policies in order to stimulate their economies through money lending activities and to attract more local and international borrowers.

April 22, 2019
1.5K views

Key Budget 2019 Proposals

Ibrahim Abdullah, Head of Section, International Taxation Policy 1, Tax Division, Ministry of Finance Malaysia, gave an overview of the key Budget 2019 proposals at the recent MIA Budget 2019 seminar. The following are the highlights.

February 15, 2019
1.5K views

SST Updates & Insights

At the 2019 Budget Seminar, Amirulita Mohd Yusoff, Deputy Director of Customs, Internal Tax Division, Royal Malaysian Customs Department, covered the latest developments on SST Legislation and Guides.

February 15, 2019
1.7K views

Procuring Service from Foreign Providers; here’s an additional 6% tax

Effective 1 January 2019, Malaysian businesses – including those not SST registered – are required to self-account for 6% service tax upon procuring certain services from foreign service providers. What are the implications?

February 15, 2019
22.7K views

Comparison between MPSAS, MFRS and MPERS: Intangible Assets

This article analyses the accounting treatment for intangible assets under Malaysian Public Sector Accounting Standard (MPSAS) 31, Malaysian Financial Reporting Standard (MFRS) 138 and Section 18 of Malaysian Private Entities Reporting Standard (MPERS).

December 18, 2018
14.2K views

Root Cause Analysis (RCA) – An Essential Process to Improve Audit Quality?

Audit practitioners must identify the root causes impairing audit quality to ensure the success of their Remedial Action Plan (RAP) under the new Practice Review Framework.