Monthly Archives: September 2022

Growing Influence of Digital Platforms

The Growing Influence of Digital Platforms As the usage of Digital Platforms such as Facebook, software and applications (“apps”) is growing immensely, businesses are starting to use digital platforms to market and sell their products. This naturally will also lead to wrongdoers deliberately copyrighting what has been established by the mark holder to advertise and […]

Tort Of Passing Off In Social Media/Digital Platform And Relief

The Growing Influence of Social Media Platforms As the usage of Social Media platforms such as Facebook and Instagram is growing immensely, businesses are starting to use social media platforms to market and sell their products. This naturally will also lead to wrongdoers deliberately riding on the goodwill that has been established by the mark […]

Are you aware on the tax implications

Are you aware on the tax implications when you made payment for Payment of Digital Advertising? During this COVID-19 pandemic, more businesses are starting to use digital advertising (such as google ads, facebook ads, linkedin, etc.) to survive from this pandemic. Businesses should take note on the following direct/indirect tax implications when making payment to […]

Tools Used By Inland Revenue Board (“IRB”) To Detect Under-Reported Income By Individual Taxpayer

Are you a high-net worth individuals? High net worth individuals are usually: The Ministry of Finance has announced the RM332.1billion Budget 2022, with federal revenue projected to achieve RM234 billion. So how can the authorities achieve their tax collection target? The answer is by increasing the tax audits and investigation. Apart from companies, high net […]

Consolidation Accounting

What is Consolidation Accounting? Consolidation Accounting is used to present and analyze the financial statements of several entities under common control combined with those of the controlling entity so that the consolidated financial statements of the group appear as that of a single entity. This is governed under several accounting standards: MFRS 3 Business Combination, […]