The time is here for the ATX examination and you are swimming in a pool of tax knowledge, not knowing whether the questions you have is enough to get you through the whole situation faced.
In this case, Malaysia ATX paper is really wide in terms of knowledge required and the current period is the worst due to the level of updates that have been applied.
In preparing for ACCA ATX paper - Jpro training practices around close to 200+ questions with discussion on the past question that has "what if" possibilities included.
We can say that we are one of the only places that practice that level of questions for the students to prepare for every possible scenario that can come out in the exam.
The key tip for passing the ATX paper - target 50 marks and the balance is luck.
Try to attempt Q3 and Q4 first, before heading to Q1 and Q2; unless it is really easy.
This is what I think is possible for the current exam sitting
- Group relief
- Group registration in SST and exemptions in SST
- Group restructuring - possible impact in terms of RPGT and Stamp duty
RPGT - new rules - small capital exemption; update for acquisition period, contingent liability treatment, options, RPC and exemption planning within wife and husband - private residence - based on examiner article; death treatment.
RPGT - compliance issues with the non-citizen sale
WHT - all issues
Labuan - tax computation and changes within the Labuan tax approach. Payment by a resident to Labuan entity and Labuan entity treatment of IP based income - based on examiner article
Commencement of business
Treatment of repairs and maintenance
Rental income; - new 50% exemption rule and discussion between rental being business or pure rental source
Interest income - timing issues based on the article examiner has written.
Incentives - cover all incentives possible with PS > ITA > RA > Export > R&D
Incentive - automation allowance vs RA is also possible
Individual tax - ESOS; Contract for / of services difference, estate.
Unit trust taxation or LIHC taxation
Leasing business - computation of lease income and assessment of income.
Compliance - error relief, power of DGIR and also consider submission dates
Anti-avoidance discussion on interest using the earnings stripping rules
Trust tax - treatment of beneficiaries
Agricultural allowance and IBA discussion.
Capital vs Income treatment
That is the focus areas that I think may come out in the current sitting but as you know this is a best guess and may not come out at all.
Make sure you do not going in with hope the above appears, this will disappoint you. Best is for you to make sure your knowledge is sound before entering the exam.
Jpro training will be starting ACCA March 2020 classes on Dec 7, 2019 with the timetable already available
If you are planning to do the class for March 2020 or know of a friend - please do recommend them to try us out.
Our classroom is limited to 24 students only to ensure that you have quality discussion with the lecturer and engage the lecturer with your issues.
Good luck in preparing for the exams
In this case, Malaysia ATX paper is really wide in terms of knowledge required and the current period is the worst due to the level of updates that have been applied.
In preparing for ACCA ATX paper - Jpro training practices around close to 200+ questions with discussion on the past question that has "what if" possibilities included.
We can say that we are one of the only places that practice that level of questions for the students to prepare for every possible scenario that can come out in the exam.
The key tip for passing the ATX paper - target 50 marks and the balance is luck.
Try to attempt Q3 and Q4 first, before heading to Q1 and Q2; unless it is really easy.
This is what I think is possible for the current exam sitting
- Group relief
- Group registration in SST and exemptions in SST
- Group restructuring - possible impact in terms of RPGT and Stamp duty
RPGT - new rules - small capital exemption; update for acquisition period, contingent liability treatment, options, RPC and exemption planning within wife and husband - private residence - based on examiner article; death treatment.
RPGT - compliance issues with the non-citizen sale
WHT - all issues
Labuan - tax computation and changes within the Labuan tax approach. Payment by a resident to Labuan entity and Labuan entity treatment of IP based income - based on examiner article
Commencement of business
Treatment of repairs and maintenance
Rental income; - new 50% exemption rule and discussion between rental being business or pure rental source
Interest income - timing issues based on the article examiner has written.
Incentives - cover all incentives possible with PS > ITA > RA > Export > R&D
Incentive - automation allowance vs RA is also possible
Individual tax - ESOS; Contract for / of services difference, estate.
Unit trust taxation or LIHC taxation
Leasing business - computation of lease income and assessment of income.
Compliance - error relief, power of DGIR and also consider submission dates
Anti-avoidance discussion on interest using the earnings stripping rules
Trust tax - treatment of beneficiaries
Agricultural allowance and IBA discussion.
Capital vs Income treatment
That is the focus areas that I think may come out in the current sitting but as you know this is a best guess and may not come out at all.
Make sure you do not going in with hope the above appears, this will disappoint you. Best is for you to make sure your knowledge is sound before entering the exam.
Jpro training will be starting ACCA March 2020 classes on Dec 7, 2019 with the timetable already available
If you are planning to do the class for March 2020 or know of a friend - please do recommend them to try us out.
Our classroom is limited to 24 students only to ensure that you have quality discussion with the lecturer and engage the lecturer with your issues.
Good luck in preparing for the exams
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