SINGLE TIER TAX SYSTEM 1) INTRODUCTION Prior to 1 January 2008, Malaysia adopted the imputation system which required the imposition of tax on the profit at corporate level and again at shareholders level. The principle behind the imputation system is to overc...
Share-based Employee Compensation Scheme – ESOS The Company’s Employee Share Options Scheme (“ESOS”) is a share-based, equity-settled employee compensation scheme. The ESOS allows the employees of the Company acquiring the shares of the Company upo...
EMPLOYEE EQUITY COMPENSATION BENEFITS The Employees’ Share Option Schemes (“ESOSs”) of the Company and a subsidiary grant the Group’s eligible employees options to subscribe for shares in the Company and the subsidiary at pre-determined subscription pr...
An article by KPMG Tax Services Sdn. Bhd. on how implementation of Goods and Services Tax (“GST”) would affect small and medium businesses:- “The Star, Monday November 23, 2009 How GST affects small, medium businesses By CHEW THEAM HOCK and TAN ENG YEW A...
Biological Assets All expenses incurred in land preparation, planting and development of crops up to maturity are capitalised as biological assets; all expenses subsequent to maturity are recognised directly in income statement. Biological assets are stated at...
Inventories Inventories of the Group and of Company comprise the following:- Harvested Oil Palm Fruits Work-in-progress and Finished Palm Oil Products Oil Palm Seedlings Stores and Consumable Supplies The above inventories are stated at the lower of cost (dete...