ACCA ATX (M) March 2021 Exam Tips and Spots

 

 It's back to that time of the year when you are looking for tips for ACCA exams.  This exam must be a stressful period - lockdown and all the pandemic issues that have affected many.

Yet you have the courage and commitment to see yourself to the exam hall. Bravo!

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In the coming ACCA Mar 2021 exam cycle for ATX paper (Malaysia) the following is possible

Q1

This is a corporate case with the possibility of the following issues being included

- Pioneer incentive

- MITC incentive

- Sales tax (importation; offset; bad debt)

- WHT

- Capital allowance for plant and IBA

- Controlled transfer situation

- Amalgamation or Liquidation issues - related implication of stamp duty and RPGT.

Q2

This will likely have RPGT - death; small capital exemption; treatment of compliance issues with RPGT

Individual tax - compensation for loss of office; gratuity; ESOS; residence planning

Rental income treatment for business and rent income

Q3

Unit trust; LLP vs partnership; Lease company taxation - different type of leases; labuan tax treatment; permanent establishment; unilateral and bilateral tax relief computation

Group relief and group related RPGT (transfer of property)

Q4

Interest rate treatment; service tax question on group and importation (Technical article)

Note

Other issues to be careful about

Now remember this is just my best guess and not really the things that will come out for the exam - so don't blame me if this does not come out.  The exam team is kind of hard to predict given that there is a team of examiners and not all are of stable approach to the exam. Cover everything and ensure all the past papers have been reviewed.

Good luck in preparing for exam.

Those taking the paper - take note that this paper used to be easier to pass up to 2018 due to existence of a leak.  This leak has now been closed and the paper is now much more harder to pass compared to the past.  Reliance on 20 plus question to pass is not enough; you need to cover the whole syllabus.

There is no short-cut other than complete preparation

The exam team has also released a new paper called the marker view.  Please review it to get some insights.