ACCA ATX September 2024 Exam cycle

It is back to that time again - ACCA exam week and you want to know how to pass ACCA ATX paper

One of the major findings about students ability to complete the paper - get your basics in order.

Ensure you have the knowledge requirement for the syllabus in your finger tips before you go into the exam hall

Major changes that need to be considered

The following are only good guesses of what could come out in the exam and you should always prepare for the exam properly

The following are key areas that are examinable in the coming September 2024 ACCA ATX examination for Malaysian tax paper.

Incentives - cover all the basic incentives and also emphasis on R&D, MITC and also PS

Service tax issues related to group or B2B exemption; importation and foreign service provider discussion

2% withholding tax for the tax resident dealers, distributors or agents that exceeds RM100,000

Foreign source income taxability and also double tax relief for companies

Tax EBITDA

RPGT - Corporate situations and also possibility of NGNL scenario; with some emphasis on the use of return forms and also CKHT forms.

Individual tax - ESOS; gratuity; loss of employment compensation

Tax admin - estimates and basis period change notification points

Withholding tax for various situations

Stamp duty on transfer of property and shares

Discussion on taxability of income and deductibility of expenses - probably related to usage of badges of trade

Financing - Leave vs HP vs outright loan

Restructuring case situation

Group relief

GOOD LUCK IN THE COMING EXAMS

We will have 3 months course and a 6 month course that is provided jointly by Jpro and First Intuition UK.

Price list for the 3 months course is as follows

Jpro Premium courses which combines both Jpro and First Intuition learning system is also available for 6 months

Those planning to sign up for the courses can visit the website to register directly 

www.jprotraining.com

ACCA ATX Mys March 2024 Tips

Exams are around the corner and you are stressing out about what may come out!  It is been some time since I had posted tips for ACCA and the lag was due to workload in getting the best pass rates for CPA (Australia) at Unirazak KL.  I am proud to say that GSL - CPA;  CBI - CPA papers have been beating the world pass rates for the last 4 semesters.

It is back to that time again - ACCA exam week and you want to know how to pass ACCA ATX paper.  This paper is currently changed in ACCA Dec 2023 exam with March 2024 being the 2nd time the new 3 question format exam is being presented.

In Dec 2023 exams, there were 3 questions with Q1 being a corporate question, Q2 being individual question and Q3 being RPGT + Sales and service tax.

Assuming that examiner uses this similar format the exam in March 2024 will likely have to following issues for consideration

Q1

• Company scenario that has the potential to ask ASIE; AIE; PS; ITA and RA as possible incentive to be considered
• Company scenario that test the ideas involved in LIHC or IHC
• Company scenario that test the sources of funds to be used to finance the business - debt vs equity
• Company scenario of restructuring of business with possible movement of property under NGNL; and S.15A or even S.15
• Treatment of foreign sourced income for a company that comes from interest, rental and dividend sources from overseas; with possible double tax issues
• Ethics involved with conflict of interest or finding out that client had made an error in the previous tax submission
• Difference between tax audit and investigation
• Possible discussion on basis period changes - with determining the date when it should be disclosed to IRB.

Q2

• Individual tax situation with either ESOS, remuneration planning or residence planning situation
• Income treatment for an individual with possible inclusion of settlement
• VSS or Gratuity payment tax implication
• Treatment of foreign source income for individual and possible need to consider the derivation of income
• Retirement planning question with discussion on different sources of investment - REIT; Unit trust; Shares in listed company; Shares in unlisted company; Fixed deposit; Leaving money in EPF; BItcoin investment

Q3

• RPGT - Death with possible implications for each different asset and different disposal - legatee; legatee in lieu of cash; executer
• RPGT - RPC shares computation 
• RPGT - NGNL between companies; between spouse and company for shares
• RPGT - compliance requirement
• Service tax - group exemption and B2B exemption
• Sales tax - importation, drawback and possibly issues with wrongful submission

Right that is all that I can think about for the coming exam - good luck i the preparation

Those planning to study for June 2024 exam  -  Jpro Training will open the intake by March 2024 for the 3 months physical classes at Unirazak KL at very affordable prices

We will have 3 months course and a 6 month course that is provided jointly by Jpro and First Intuition UK for classes that cover ACCA FIA; ACCA FR; ACCA AA; ACCA FM; ACCA PM; ACCA TAX (UK); ACCA ATX (UK); ACCA MA1; ACCA MA2; ACCA FA2 ACCA FA1; ACCA FA; ACCA MA; ACCA BT.