Daily Archives: August 28, 2017

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IKEA makes Malaysia it’s ASEAN Distribution and Supply Chain Centre

SMEBy 3E Accounting Malaysia August 28, 2017

IKEA makes Malaysia it’s ASEAN Distribution and Supply Chain Centre Malaysia has been chosen as the location for IKEA to set up its Regional Distribution and Supply Chain Centre for Asean. Noted as a strategic decision by the world’s largest furniture retailer which is headquartered in the Netherlands, the company is expected to invest RM908…

MASB issues new Insurance Standard and Interpretation on Income Taxes

AccountingBy Lawrence Chai August 28, 2017

MASB issues new Insurance Standard and Interpretation on Income Taxes The Malaysian Accounting Standards Board (MASB) has issued the following pronouncements: Malaysian Financial Reporting Standards (MFRSs) – MFRS 17 Insurance Contracts – IC Interpretation 23 Uncertainty over Income Tax Treatments Financial Reporting Standard (FRS) – IC Interpretation 23 Uncertainty over Income Tax Treatments These pronouncements…