If you have foreign subsidiaries in Singapore, it’s important to know that there is a drastic amendment of its section 44 ( imputation method of franked dividend) to a complete changeover to a one-tier corporate tax system with effect from 1 st January 2008
Some of the salient points to note are:

· The cut-off date […]

If you have foreign subsidiaries in India, it might be of interest to know that there has been recently imposed an additional tax burden onto the employers.This extra tax burden is called Fringe Benefit Tax. It was implemented on April 2005 by Finance Minister P Chidambaram.
The rationale for implementing this tax on the employer […]

Extracted from MASB
FRS 133 Earnings per Share take effect for annual periods beginning on or after 1January 2006
The main are tabulated as follows:

Area
Requirements

Main objective

To provide additional guidance and illustrative examples on selected complex matters, such as the effects of contingently issuable shares; potential ordinary shares of subsidiaries, joint ventures […]

Extracted from MASB
FRS 108 Accounting Policies, Changes in Accounting Estimates and Errors take effect for annual periods beginning on or after 1January 2006
The main changes from FRS 108- 2004 are tabulated as follows:

Relevant Area
Requirements

Selection of Accounting Policies

The requirements for the selection and application of accounting policies in FRS 1012004 Presentation of Financial Statements have been […]

Further to my earlier articles on bonus issue, there is a further report by The Star on being prudent or cautious with bonus issue.
The salient points are :
STOCK investors in Malaysia, particularly the retailers, simply adore bonus issues as they are free shares and has the hope that the share price will rise again to […]