Archive for November, 2009

An Article From Inland Revenue Board On Single Tier Tax System (26 November 2009)

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...

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Sample Disclosure – Share Based Employee Compensation Scheme, ESOS (25 November 2009)

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...

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Sample Disclosure – Accounting Policy Of Employee Equity Compensation Benefits (ESOS) (24 November 2009)

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...

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An Article On How GST Affects Small and Medium Businesses (23 November 2009)

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...

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Sample Disclosure – Accounting Policy Of Biological Assets (22 November 2009)

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...

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Sample Disclosure – Accounting Policy Of Inventories, Oil Palm Sector (20 November 2009)

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...

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