ACCA ATX (Mys) Dec 2020 Tips

 

Its time again for you to try to figure out what the MALAYSIAN tax examiner will be testing you for ACCA ATX (MYS).  Dec 2020 is the first time for Malaysian Budget 2020 gets examined and some new ideas have been included in the exam diet

The following updates have to be taken into account

1. SME limit for 17% is RM600k

2. RPGT update year to 1 Jan 2013

3. Updated Labuan requirements

4. Updated SST requirements

Those planning to take the ACCA exams for March 2021 - the last paper-based professional exams in Malaysia (except for ATX - this will be done in December 2021) - sign up for the classes at www.jprotraining.com

Our latest timetable for March 2021 exam preparation has been released and we are accepting students - classes will start immediately after the Dec 2020 exam are over.

Jprotraining has the most comprehensive online training for ACCA ATX - we have over 10 years experience delivering online classes - stick with the experts when you study ACCA online.  We also have the largest database of past questions for all other professional papers.

Now you will want to know what may be coming out for the Dec 2020 exam - the following are areas that I suspect may be coming out but this is not a guarantee.  

Unlike in the past - there is no leak in the exam papers that allows one person to predict with accuracy what comes out....those days has already ended.

In the coming Dec 2020 ACCA ATX exams, we can say the following issues should be hot

1. Incentives - PS; AEA; ITA; R&D; RA and finally export in order of preference

2. IBA and AA

3. RPGT - Death; RPC treatment; update to 2013 implication; small property asset exemption; compliance of 7% and 3%

4. SST - Group and deminimis rule of 5% for external

5. Labuan; treatment of payments to Labuan entity

6. Permanent establishment + WHT treatment

7. Loss of employment; ESOS; Salary package discussion; Gratuity

8. Group relief and control transfer requirement

9. Unit trust; REIT; IHC

10. Tax compliance requirement for individuals and power of the DGIR

11. Interest income treatment

12. Badges of trade discussion

13. Restructuring of business

The above are just indication of what can come out - remember the best defence is to be prepared for all issues.

Good luck in the preparation for the exams.