ATX Malaysia updates

The recent examiner meeting was insightful for ATX Malaysia with the following issues being highlighted
1. GST will be examinable until September 2019
2. The 4 compulsory question seems to be better liked 
3. The examiner highlighted that most students had jumped into the answer on trigger words rather than read the whole question
4. The examiner also highlighted that most students had stereotyped views of tax treatment with assumptions that some exemptions are always good.

Overall the exam paper had tested most of the aspects that was available in the technical articles, obviously with some element of creativity.

At Jpro, we ensure that students preparing for the Malaysian ATX paper have a clear understanding of the tax knowledge and practice a wide variety of questions - close to 200 questions before going into the exam.

This preparation has yielded a pass rate that exceeds the world pass rate for ATX in June and September 2018.

If you are working and studying, we suggest that you take one paper for every 3 months cycle - this is the best you can manage.

If you are full time student, try taking 2 papers if you can cope with the preparation load.

Those planning to prepare for the March 2019 ACCA exams for ATX (Malaysia) can always opt to study with Jpro online or class room.

ATX Malaysia Dec 2018 Tips

The exam is around the corner and the following would be the hot areas for the coming ACCA ATX exams.  Preparing for ACCA ATX Dec exams is not an easy task.

You need to be aware that this sitting there is a team of examiners and no longer based on one single examiner.

This means that exam questions will be mixed.

Do remember - this time the exam is Q1 - 35; Q2 - 25; Q3 - 20; Q4 - 20.

You should have covered all the basic incentives - RA, ITA, PS, Export, R&D, Agricultural allowance.  Technical article on this issues are HOT.

In the case of RPGT, do cover the idea of leases, options, death transfers and also transfer using shares based settlement.

It is possible for partial sale scenario for RPGT.

In terms of individual - focus on gratuity, compensation for loss of office, employment vs professional, Professional Indemnity Insurance, ESOS, Public entertainer WHT, Working on ship, tax borne by employer.

In terms of foreign tax - cover WHT, Bilateral and Unilateral relief, Labuan taxation.

In terms of corporate tax scenario
- Financing of business
- Restructuring - merger or acquisition scenario
- Group relief
- Derivation of income consideration
- Treatment of income / cost
- Argument for taxability of a source of income
- Stamp duty for share valuation
- Controlled sales
- Inter-group asset sale - property

In terms of GST
- GST invoice timing
- De minimis rule
- Capital goods adjustment
- Importation

In terms of special tax situations
- LLP
- IHC
- Unit trust

Other area
- Rental treatment for investment property
- Capitalised interest treatment  - guideline by IRB for MFRS 123
- Investment property treatment - guideline by IRB for MFRS 140
- Anti-avoidance; focus on settlement 
- Transfer pricing - methods used by IRB.

Jpro will be starting the classes for March 2019 ACCA ATX exams by Dec 16, 2018.

The class covers over 250+ question practice and also specialised notes that manage each area of knowledge.

The coverage for past year papers - 100% of all past papers is done.

Sign up for classes for all professional papers - www.jprotraining.com







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P6 Malaysia June 2018 Exam tips

Planning to take the P6 Exams after Mahathir announced that GST will be scrapped.

This is a sad death for GST and revival for sales and service tax; but one that will be celebrated by the rakyat.

Those that set for March 2018 exams should be aware of what did come out :
Venture capital
RPGT dates
LLP vs Company
Residence
WHT
Stamp duty
Awards for individual
Tax of deceased person
Treatment of compensation
GST Input tax
Business activity aggregation vs segregation 

The above can repeat for June 2018; so be wary of the items above.

Now the tips for P6 (M) June 2018 exams

REIT / Unit trust
Acquisition
Controlled transfer
Donation treatment
Financing
Leasing
IHT
Transfer pricing/ WHT
Incentives - PS / ITA / AFPP / Medical
RPGT - Death or RPC
Treatment of expense
RPGT - Death; RPC
Esos 
Retirement planning
Anti-avoidance
Tax administration issues - compliance for company tax

Those planning to prepare for September 2018 ACCA P6 (M) can join the class that starts on mid June 2018 at Jprotraining - our timetable is already out.

The preparation for September 2018 will be the most comprehensive preparation with over 180 questions practiced over the 3 month period, allowing for a detail coverage of the whole syllabus.

The only change for September 2018 exams would be the move away from choice based question to compulsory set of questions.

This would imply the need to cover the whole syllabus and not try to depend on last minute spots.

Keen to start with the only 3 months part time course provider in Malaysia for ACCA - visit our website @www.jprotraining.com 

Jprotraining is the only fast and flexible ACCA training provider in Malaysia that has been using blended learning approach since 2009.

We are also the only online learning provider for ACCA in Malaysia that is truely Malaysian.