ATX preparation for September 2026

ATX-MYS · September 2026 Registration

So You Want to Not Fail Advanced Taxation Malaysia.

A completely unhinged, mildly aggressive, surprisingly useful guide for the ATX June 2026 exam — with a very pointed message to ATX September 2026 candidates who are pretending registration season isn't already here.

Disclaimer: No exam papers were harmed in the making of this blog post. Any resemblance to your actual panic level is entirely intentional. The author accepts zero liability for coffee consumed while reading this. JPro Business Training accepts all liability for making you actually pass.

Hi. Hello. Welcome to the moment where you realise the September 2026 ATX-MYS exam is not, in fact, "ages away." September sounds casual. September sounds like a month where things happen to other people. It is not. It is a date on a calendar that is already circling you like an IRB auditor who just found an unreconciled ledger.

The June 2026 sitting is about to happen!. That means the September 2026 registration window is open right now. Which means the candidates who will pass in September are registering, planning, and preparing today — while everyone else is still digesting their post-June results and thinking "I'll start soon."

I've studied five years' worth of past papers — Specimen right through to December 2025 — and I'm here to tell you exactly which topics are going to ruin your June 2026 morning, and more importantly, how to make sure they don't.

Buckle up. We're doing this.

01. RPGT Is In Every Single Paper. Every. One.

You know how the sun shows up in every morning whether anyone asked for him or not? That's RPGT. It was in the Specimen paper. It was in June 2024. December 2024. June 2025. December 2025. It has never missed a sitting and it is absolutely not planning to start now.

The good news: it's actually learnable. The bad news: there are about nine different ways the examiner can twist it and most candidates only study three of them.

RPC status — 75% test Acquisition price of RPC shares NGNL transfers Deceased estate — executor rules Conditional contracts Gifts to government / charities Nominees & partnerships

The thing most people get wrong: When shares are acquired before a company becomes an RPC, the acquisition date is NOT when you bought the shares. It's the date the company crossed the 75% threshold. And the acquisition price? Proportionate defined value of the real property at that date. Get this wrong and you've just donated marks to the examiner's entertainment fund.

Hot take on the deceased estate rules — they showed up in June 2025 (Rashmi scenario) with the full three-property treatment. Study ALL three property outcomes: disposal to third party, transfer to legatee with cash legacy substitution, and transfer as a specific bequest. The examiner clearly enjoyed writing that question and will probably enjoy writing another one.

September 2026 registration is open. RPGT is already in the exam.

Here's the nudge you didn't ask for but needed: JPro's September 2026 ATX-MYS intake is now taking registrations. Mr Jay's dedicated RPGT sessions walk through the full framework — RPC testing, NGNL situations, acquisition price calculations, deceased estate rules — with worked examples that actually make sense under exam pressure.

The candidates registering now will have done RPGT twice before September. The ones who register in August will have done it once, at midnight, with their laptop overheating.

Register for JPro September 2026 →

02. The "Never Been Examined" List Is Your Secret Weapon.

Here's something the textbook won't tell you but five years of past papers will: an entire chapter of your notes — Lease & Finance — has never appeared in any exam paper I've looked at. Not once. Same goes for Unit Trusts and REITs.

Now, a rational person might say: "Great! I'll skip those." That rational person will get a question on finance leases in September 2026 and immediately transform into a different kind of person entirely.

"The thing about never-tested topics is they're overdue. Very, very overdue."

The examiner has a list of perfectly good syllabus content sitting there, completely unexamined, getting increasingly impatient. Here's what I'd be nervous about for September 2026:

• Leasing — operating vs finance lease; deemed sale triggers; lessor claims CA, lessee cannot. Chapter 12 in your JPro notes. Read it.
• REIT / PTF — income tax at REIT level; disposal of real estate exempt from RPGT if SC-approved; IBA treatment on transfer. Chapter 13B. It has a nice ACCA technical article and everything.
• Trust taxation — Chapter 7b. Trust annuities under s.4(e), trustee obligations, resident vs non-resident treatment. There's a full ACCA article on this. The examiner knows it exists.
• s.65 settlements — income splitting by gifting assets to family members. The DGIR can assess the original owner anyway. This is a juicy scenario waiting to happen.
• Employee share schemes — ESOS and ESPP. Has its own ACCA article. Has never appeared. You do the maths.

THREAT LEVEL: ORANGE s.44(5A)–(5D) shareholder continuity rules — loss and CA forfeiture on substantial change of shareholding — are sitting in your notes completely untested. The kind of thing that shows up in a Q1 corporate scenario where a company gets taken over mid-year. Just saying.

03. Incentives. Every. Paper. Without. Fail.

Tax incentives are like that friend who shows up to every party and somehow always ends up being the most important conversation you have. Pioneer Status, ITA, Reinvestment Allowance, AIE, PoE double deduction — all of them appeared in every single paper reviewed. All of them.

Here's the nuance most candidates miss: there are two export incentive categories most people never study properly:

• Double deduction for promotion of export of services (not just goods) — market research costs, travel to overseas markets, tender preparation. This is separate from PoE and has barely appeared.
• The ≥50% export increase exemption — a 30% exemption of the increased export value, separate from AIE's 10%. Almost never tested. Sitting in Chapter 9 of your notes quietly plotting something.
• R&D incentives — approved (double deduction, s.34A) vs unapproved (single deduction, s.34(7)). Appeared in June 2025. Know both versions.

Pro tip on RA: The examiner loves testing the 36-month operation rule. "Has the company been operating long enough?" is basically a guaranteed sub-question whenever RA appears. Count the months. Don't assume. Also: RA carry-forward is restricted to 7 YAs after the 15-year window expires. ITA carry-forward is indefinite. This distinction showed up as a scepticism mark in December 2024. Know the difference.

04. SST Questions Are Now Basically Mandatory in Q3.

Sales and Service Tax has appeared in every paper since the Specimen. The examiner has found a comfortable groove with it and is clearly not leaving. What varies is which angle gets tested.

Covered recently: imported taxable services, group relief, B2B exemption, self-accounting via Form SST-2A, drawback on re-exports, construction not being a taxable service, technical support being one.

Not yet covered: SST offences and penalties (RM30k/2yr general, RM50k/3yr for incorrect info). If Q3 ever has a compliance sub-question about what happens when you don't account for imported taxable service tax, you now know what to write.

SST has been in every paper. Your September prep needs to start before July.

JPro's structured notes on Sales and Service Tax — Chapter 10 — break down every scenario type that has been tested: when you self-account, when group relief applies, when B2B saves you, and when you're just stuck paying the 8%. The SST question in December 2025 was basically written from that framework.

The September 2026 intake is enrolling now. Early registrants get access to materials ahead of classes starting — meaning you're already ahead of the September panic crowd before they even know there's a race.

Enrol in JPro's September 2026 intake →

05. Ethics Will Be There. Stop Hoping It Won't.

Every paper. Every single paper has an ethics component. The examiner loves asking you to be the voice of reason while the fictional CEO suggests something catastrophically illegal.

The scenarios rotate but the principles don't:

• Misrepresenting facts to IRB / reclassifying expenditure = deliberate misrepresentation. Integrity. Professional behaviour. Full stop.
• "But we'll pay more tax anyway" — irrelevant. Paying tax doesn't absolve fraud. The examiner has now tested this in two separate papers.
• Suggesting a non-resident use a local bank account to appear resident = designed to mislead. Decline. Cease to act if client proceeds.
• Confidentiality: you can use knowledge and experience from other clients, but you absolutely cannot share their specific data.

The professional skills marks in Q1 are worth 10 marks. Ten. You don't win those by knowing tax law. You win them by writing like an actual professional communicating actual advice to an actual client. Structure your report. Use headings. Address the client directly. Don't brain-dump every tax rule you know and hope something sticks.

FREE MARKS ALERT The professional skills marks rubric rewards: clear structure, appropriate tone, relevant and specific advice (not generic), and commercial awareness. The examiner literally publishes what they're looking for. Read the marking scheme from past papers and copy the format religiously.

06. The Anti-Avoidance Chapter Is Overdue for a Comeback.

Section 140 (general anti-avoidance) appeared in the Specimen paper in 2022. It hasn't appeared since. That's four sittings of absence. Four sittings of the examiner looking at s.140, s.140A transfer pricing, and s.65 income splitting and thinking "not this time."

September 2026 might be the time. Five sittings of absence is not a streak — it's a build-up.

The most testable scenarios:

• s.65 settlements — high-income individual gifts rental property to low-income family member to split tax liability. DGIR assesses original owner as if the gift didn't happen. Classic exam scenario setup.
• s.140A transfer pricing — related party transactions at non-arm's length prices. DGIR power to substitute the arm's length price. The difference between tax avoidance (legal but risky) and tax evasion (illegal, full stop).
• s.29(3)–(5) related party interest — interest between related parties deemed obtainable on demand. Timing manipulation between connected companies. Has a dedicated section in your JPro Chapter 14 notes.

07. International Tax: Know Your Derivation Rules Cold.

Employment income derivation — where the employment is exercised, not where it's paid — has appeared in every paper with an individual in it. June 2024 had Zafrul working between Malaysia and Genovia. June 2025 had Eric and Vinesh flying in to deliver consultancy services. This is not a coincidence. This is a pattern.

For September 2026, I'd specifically flag:

• Dual residence tie-breaker rules — when someone is technically resident in two countries under domestic law, how does the DTA resolve it? Permanent home, centre of vital interests, habitual abode, nationality. Tested in Specimen. Not since.
• DTA exemption for short-stay employees — 183 days, non-resident employer, no PE bearing the cost. The three conditions. Could appear as a follow-up to a WHT scenario.
• Foreign income remittance for individuals — capital proceeds vs income savings. The FSIE conditions. Know the difference between what's taxable and what isn't when a Malaysian resident remits money from abroad.

There are two types of September 2026 candidates.

Type A registered with JPro in May or June, received their materials, started working through the course at a sane human pace, and will walk into September feeling prepared.

Type B is reading this blog post in late August, has technically "been meaning to register," and will spend the fortnight before the exam watching YouTube explanations of IBA at 2x speed while eating instant noodles.

Mr Jay at JPro Business Training has been preparing ATX-MYS candidates for years. The JPro course notes you've been using as your study bible? Those are his. The frameworks that make sense of a 70% discussion exam? His. The exam technique coaching that earns professional skills marks? Also him. The September 2026 intake has limited spaces and is enrolling now.

Be Type A. Register for JPro September 2026 →

08. Basis Periods: Boring Name, Surprisingly Punishing Marks.

Basis periods appeared in the Specimen, December 2024, and December 2025. The rule that trips everyone up: when a company with an existing business starts a new one, the new business follows the existing company's accounting period [s.21A(6)]. This is not intuitive. The examiner knows it's not intuitive. That's why it keeps appearing.

Also: a first basis period of less than six months = exempt from tax estimate submission. This is a detail that earns half a mark every time it appears and most candidates skip it because it seems too small. Half marks add up. Do not skip small things.

09. The Tax Administration Chapter Is a Free Mark Machine.

The examiner occasionally drops a compliance question — filing deadlines, WHT payment timelines, notification of new employees — and candidates who haven't touched Chapter 11 proceed to leave marks on the table like they're paying a service charge.

The ones most likely to appear based on gaps in the five papers:

• Error or mistake relief — conditions: tax already paid, assessment is in excess, assessment is not final and conclusive. Simple. Learnable. Untested so far.
• Penalties for incorrect returns — 45% for understatement of income. 10% + 10% for late WHT compliance. Know the numbers.
• Appeals process — 6 months to appeal a DG decision, Form N for extension, 12-month deemed agreement if DG doesn't act. Appeared in notes, not in papers.

10. The Actual, No-Nonsense Revision Plan.

Right. We've covered the what. Here's the how, in the style of someone who has watched too many action movies and not enough revision webinars:

Week 1–2: Lock down the guaranteed topics. RPGT (all variations). Incentives (PS, ITA, RA, AIE, PoE). SST. International tax derivation + WHT. These are in every paper. Know them cold.

Week 3: Attack the overdue topics. Leasing & finance. Unit trusts. REIT. Trust taxation. Anti-avoidance (s.65, s.140A). If one of these is in September 2026, you're the only person in the room who prepared for it.

Week 4: Past paper practice under timed conditions. Full papers. Not cherry-picking questions. The professional skills marks only come from writing full, structured, professional answers. You cannot practise that by doing calculations only.

Finals Week: Read the examiner's reports. Read the marking schemes. Understand why marks were awarded, not just what the correct answer is. The difference between a 49 and a 55 is usually professional skills marks, not technical knowledge.

"The exam doesn't reward knowing the most. It rewards communicating what you know, clearly, to a stranger, under pressure, in 3 hours 15 minutes."

That's actually harder than it sounds. Which is why people who study with a structured programme — one that teaches you how to answer ATX-MYS questions, not just what the rules are — consistently outperform people who study alone with a textbook and optimism.

JPro Business Training — ATX-MYS September 2026 Intake: Now Open

Mr Jay's programme is built specifically for Malaysian ATX candidates. Structured notes. Live sessions. Exam technique coaching. Gap analysis built into the teaching — so you're not just covering content, you're covering the right content at the right depth.

The September 2026 registration window is open right now. Not "soon." Not "coming up." Now. The cohort fills up. The candidates who register first get materials first. The candidates who get materials first start first. Starting first is the only legal cheat code this exam has.

You've read the whole guide. You know the topics. You know the gaps. The only remaining question is whether you're going to do something about it before July, or if you're going to let August-You deal with it.

August-You is not going to be happy about that decision.

Register for JPro September 2026 at jprotraining.com →

Good luck. Register early. Study hard. Drink water. And if the September 2026 exam asks about unit trust tax treatment — you're welcome. And also: told you so.

— Written by someone who has read more tax marking schemes than is healthy for any normal human being.

This blog post is based on analysis of ACCA ATX-MYS exam papers from Specimen through December 2025. All tax rules referenced are based on law as examined in those papers. September 2026 candidates should ensure they are studying under the correct Finance Act — check the ACCA examinable legislation document and your JPro course materials for the applicable version. And yes, the Deadpool references were intentional.

ACCA March 2026 ATX MYS tips for the coming sitting

It is time for that period again when you are thinking why did I take this paper? So much to remember and sooo little time!

Well if you are last minute person; then either you found a hard disk that can be carried in your head like NEO in MATRIX or you end up stressed like the cats that see a cat cake being cut.

However as in lord of the rings Boromirs statement

One does not simply walk into ACCA ATX (MYS) exam unless you are willing to face the evil that lives in the exam room!

However sometime a guide on what can come out may help those lost souls and this is just a guide; you should have done you work properly before this!

Q1 Large Corporate Scenario (Almost Certain Mix)

• Ethics issues (aggressive tax planning, disclosure risk, compliance failures, incentive misuse)

• MITC

• ASIE

• Pioneer Status (PS) vs ITA comparison

• Reinvestment Allowance

• Agricultural allowance

• Listed Investment Holding Company

• REIT structure

• Tax-EBITDA / interest restriction

• Double tax relief

• Withholding tax on royalties (foreign entity with Malaysian operations)

Trend: Integrated scenario requiring advice, comparison and risk commentary — not just computation.

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Q2 Individual / Property / Structuring

• Residence determination

• Settlement of assets

• RPGT implications

• Group situation for RPGT (transfer within group, clawback risk)

• 2% dividend assessment

• Estate planning angles

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Q3 Indirect Tax / Group / Cross-Border

• Group relief (70% rule)

• Service tax in group cross-charges

• Imported services

• Registration thresholds

• Cross-border royalty & WHT

• PE considerations

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Overall Examiner Pattern

• Incentives rarely tested in isolation

• Group + international issues integrated

• Ethics appearing within corporate advisory context

• Professional skills marks tied to clarity and commercial reasoning

Good luck in the coming ACCA March 2026 ATX MYS exam

 

ATX MYS 2026 : “Malaysian ACCA Tax Examiner Repeats Same Advice For Three Years; Candidates Finally Realise ACCA ATX Is Not About Memorising Every Relief — It’s About Knowing When To Use It And How To Explain Why.”

  

ACCA Malaysian Tax Desk Special:

“ACCA ATX-MYS Examiner Reports (Jun 2023 → Dec 2025): Same Tax
, Different Ways To Lose Marks”

Between June 2023 and December 2025, the ACCA ATX-MYS examiner reports read like a long-running sitcom where the examiner patiently repeats the same advice every six months, and candidates politely ignore it before showing up with beautifully structured but strangely inaccurate tax advice. If you read the reports year by year — alongside the syllabus updates and exam format changes — a very clear storyline emerges: the paper itself didn’t suddenly become harder; it simply started expecting candidates to behave like real tax advisers rather than enthusiastic calculators.

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2023: The Year ATX Became Half Consulting Exam, Half Reality Check

The June 2023 period marked a subtle turning point. The biggest structural shift wasn’t even technical — it was philosophical. ACCA introduced a new exam structure (fully applied to ATX-MYS from December 2023) where a single 50-mark Section A case study dominates the paper, with professional skills embedded into the marking scheme. Ethics marks became mandatory, and communication suddenly mattered as much as technical accuracy. 

What did this mean in practice? Candidates discovered that writing long tax computations without explaining implications felt oddly incomplete. Examiner comments around this period consistently noted that answers lacked advisory tone — students wrote as if they were completing TX-level exercises rather than advising Malaysian clients facing real tax consequences.

The problems highlighted were almost poetic in their repetition. Candidates mixed up terminology, ignored scenario details, or applied rules too generically. The examiner wasn’t asking for obscure legislation; the frustration stemmed from candidates failing to explain why a tax treatment applied or how it affected commercial decisions. In, 2023 was the year the examiner gently announced: “Congratulations, you are now a tax consultant — please stop writing like a revision kit.”

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2024: The Era Of ‘Straightforward Questions’ That Somehow Weren’t

If 2023 was about format changes, 2024 was about adjustment pains. Examiner commentary across the year repeatedly described questions as fair and accessible, which is exam-report language for: “We didn’t try to trick you.” And yet, performance gaps remained.

One recurring issue was language precision. Candidates frequently used technically incorrect wording — confusing “resident” with “citizen,” or treating exemptions and non-taxable income as identical concepts. The examiner reports stressed that precision reflects professional competence, not academic nit-picking.

Another theme was over-generalisation. Candidates often recognised the topic — incentives, RPGT, or restructuring — but failed to analyse conditions, timelines, or compliance risks. In essence, they knew what the question was about but struggled with how to advise.

From a syllabus perspective, 2024 also introduced notable examinable-content adjustments. Certain corporate income-tax areas were temporarily excluded because legislation was not fully implemented, while new RPGT content — such as deemed disposals on asset reclassification — became examinable. 

“Examiner Removes Topic Due To Incomplete Legislation; Candidates Still Somehow Study It More Than The Actual Syllabus.”

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2025: The Professional Skills Era — Or, ‘Please Explain Your Advice Like A Human’

By 2025, the examiner reports began sounding less like criticism and more like a therapist’s notes. Technical knowledge was generally adequate, but candidates continued losing marks because their answers lacked structure, commercial reasoning, or clear explanations.

Professional skills had by then become fully embedded in the ATX marking approach. Communication, analysis, scepticism, and commercial awareness were no longer optional extras; they were the difference between a technically correct answer and a high-scoring one. 

A curious irony appeared throughout 2025 feedback. Many questions were described as straightforward applications of syllabus areas, yet candidates struggled because they defaulted to memorised templates. Instead of tailoring advice to the scenario, they produced generic lists of reliefs or incentives — as if every Malaysian company exists purely to maximise tax allowances without reading the fine print.

Legislatively, the examinable environment also shifted. Exams in the December 2025 to September 2026 cycle were based on Finance Act 2024 and related enforcement legislation, reflecting ACCA’s annual rule that tax exams follow laws passed before the 31 March cut-off. 

This meant students had to adjust to updated compliance frameworks and evolving policy contexts, reinforcing the examiner’s push toward advisory thinking rather than rote memorisation.

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Recurring Problems Across All Three Years — The Examiner’s Greatest Hits

Reading the reports chronologically feels like watching the same storyline with new characters. Candidates consistently:

• Recognised topics but failed to analyse eligibility or consequences.

• Used imprecise terminology that weakened otherwise correct answers.

• Treated Section A like a technical question rather than an advisory case study.

• Ignored ethics marks or professional skills despite them forming a significant portion of available marks after the new format was introduced. 

“You knew the tax law. You just didn’t explain it like someone we would hire.”

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Syllabus And Exam Changes Detected (2023–2025)

From reviewing the syllabus documents and examinable-content updates, the changes during this period were evolutionary rather than revolutionary.

The biggest structural shift came with the revised exam format: three compulsory questions, heavier weighting on Section A, and expanded professional skills marks. Ethics became a permanent feature of Question 1, reinforcing the advisory nature of the paper. 

Technically, ACCA made targeted syllabus adjustments rather than sweeping reforms. Some corporate tax topics were temporarily excluded due to incomplete legislation, while additional RPGT scenarios became examinable — particularly deemed disposals arising from asset reclassification. 

The result was not a smaller syllabus but a more focused one, nudging candidates toward practical application instead of theoretical breadth.

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The JPRO’s Year-By-Year Verdict

Looking back from June 2023 to December 2025, ATX-MYS did not dramatically reinvent itself. Instead, it matured. The examiner moved the paper away from being a technical checklist and closer to a professional advisory simulation.

In 2023, candidates struggled with the new exam structure and underestimated the importance of communication.

In 2024, they recognised topics but still answered too generically, often missing technical nuances.

By 2025, the examiner seemed to be waiting patiently for candidates to sound like real tax advisers — to explain, evaluate, and justify, not just calculate.

“Malaysian Tax Examiner Repeats Same Advice For Three Years; Candidates Finally Realise ATX Is Not About Memorising Every Relief — It’s About Knowing When To Use It And How To Explain Why.”

 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.

ACCA ATX (MYS) MARCH 2023 Exam tips and focus area

  

ACCA ATX MARCH 2023 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

All types of Foreign Sourced Income (FSI) received by a tax-resident individual in Malaysia would be tax-exempted from Jan. 1, 2022 to Dec. 31, 2026. However, the FSI shouldn’t be used for carrying out the operations of a partnership business.

For tax-resident Limited Liability Partnerships (LLP) and companies, the FSI is tax-exempted if the income has been received in the shape of dividends. This type of tax exemption is available from Jan. 1, 2022 to Dec. 31, 2026. However, any other type of FSI received by the above entities would remain taxable - at full rate after 30 June 2022 and 3% for 1 Jan 2022 till 30 June 2022

Since 2019, the unabsorbed losses used to be carried forward for seven consecutive assessment years. By the introduction of the Financial Act 2021, the carry-forward period is extended to 10 years.

A 2% withholding tax has been imposed on the payments made by companies to their authorized dealers, distributors, or agents. Besides, such payment should have been raised through transactions, sales, or schemes offered by the agents. 

This amendment will be effective from Jan. 1, 2022. However, the withholding tax is applicable only if the agent is a tax-resident individual and the payment exceeds 100,000 Malaysian ringgits during the current fiscal year.

In the past, imported goods were not subject to sales tax if the value of each consignment didn’t exceed 500 Malaysian ringgit. After the introduction of FA 2021, this exemption won’t be available from Jan. 1, 2023.

The companies offering brokerage services associated with the shares trading are not subject to service tax. This exemption is available from Jan. 1, 2022. However, e-commerce platforms are bound to pay 6% service tax.

The real property gain obtained through the disposal of property by the Malaysian citizen or PR holder is exempted from tax (from Jan. 1, 2022). The property should have been held by the owner for a period not less than five years.

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

Knowledge that can be tested this round for ACCA ATX exam would be:

RPGT - Death; Leases; Sub-lease;  NGNL gift; NGNL 75% shares; Co. interco transfer exemptions; RPC shares treatment; compliance issues with RPGT; RPGT losses treatment; Options and contingent liability treatment

Sales tax - Drawback; Importation; Bad debt treatment; Penalties; Inter-co transfers

Individual tax - gratuity; loss of employment; residence planning; difference between resident/non-resident; ESOS

Incentive - MITC; AIE; ASIE; R&D; PS; ITA; RA in that order of preference.

Tax admin - Company estimate; changing estimates; non-compliance implication; powers of DGIR; anti-avoidance for transfer pricing 

Royalty treatment ; Labuan; Tax-EBITDA; Bilateral relief vs Unilateral relief; Permanent establishment

Unit trust treatment & REIT tax computation

Stamp duty exemption for interco transfer; eligibility and also withdrawal

Financing - Lease vs HP vs Outright buy vs Rent (Lease - deemed sales classification and implication)

SME classification - whether it is an SME and what is the impact when it is not an SME

Setup - Branch vs Subsidiary

Agricultural allowance; Investment building allowance treatment - claiming it and restrictions to it

Income treatment - whether taxable or not

Expense treatment - whether taxable or not

Derivation of income

ALL MATTERS THAT HAVE BEEN INCLUDED IN THE NEW BUDGET 2022 IS EXAMINABLE ESPECIALLY THE 2% WITHHOLDING TAX REQUIREMENT

Right that is all that I can think about for the coming exam

Those planning to study for June 2023 exam o Jpro Training will open the intake by 24 March 2023

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

The fee reflects the subject fee for ACCA 3 months course under Jpro 

Jpro Premium courses which combines both Jpro and First Intuition learning system is also available for 6 months - you can take for June or September 2023.

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

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What came out in Dec 2022 ACCA Atx exam

The exams are over for ACCA ATX Dec 2022 

The following is what was examined by the ACCA examiner for ATX (Malaysia) for the December 2022 exam cycle

Q1

• Deductibility of expenditure on new enhanced website and packaging
• Proposed sale of assets - RPGT; CA; treatment of assets for tax purpose
• Unlisted investment holding company
• Asset deal vs Share deal

Q2

• Share option treatment for employee
• Shares as inducement offer to join - income/capital?
• Share option deductibility of expenses for company
• Bonus share implication
• Treasury share treatment
• Treatment of expenses related to bonus share and other share issues

Q3

• Service tax treatment - long-term guest and other forms of sales
• Withholding tax 
• Place of business
• Whether there is a place of business

Q4

• RPGT acquisition date
• Construction / Renovation / Partial renovation and roof repair treatment
• Disposal computation
• Time limit for claims - ITA and travelling expenses

That was what came out for ATX(MYS) December 2022 exam cycle.

 

What came out for ATX (Malaysia) September 2022 Exam

The exams are over for ACCA ATX September 2022 

The following is what was examined by the ACCA examiner for ATX (Malaysia) for the September 2022 exam cycle

Q1

a)

• Unabsorbed capital allowance
• Unabsorbed losses
• Group relief
• Qualification to meet AIE and computation of AIE allowance
• Computation of RA 
• Discussion on which is better RA vs AIE
• Interest stripping rules

Q4

• RPGT computation explanation
• RPGT computation
• Labuan tax computation
• Deductibility for leases paid to Labuan entity

Q3

• Estate computation
• Beneficiary annuity and distribution is taxed under trust (will)
• Sales tax - purchase and sale of company

Q2

• Deductibility of expenses 
• Treatment of retrenchment; retirement and deployment of company staffs
• Individual tax - gratuity vs compensation for loss for employment
• RPC status

That was what came out for the ACCA September 2022 exam cycle

Those planning for ACCA ATX for December 2022 can sign up with Jpro for only RM850 for the full syllabus and revision.  If you want

ACCA September 2022 Exam tips for ATX (Mys)

 

Exams are around the corner and you are stressing out about what may come out!

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

In the last June 2022 exam cycle the following was examined by the examiner for ACCA ATX

Q1

Rental income treatment

IBA and CA

RPC status

RPGT computation for share disposal

RPGT vs ITA

REIT distribution treatment

Bonus issue treatment

Expense treatment - early payment penalty and professional fee for finding new business

Q2

Investment tax allowance

Tax admin for company - payment, estimates

Employee remuneration treatment

Responsibility of employer for employee (local and foreign)

Q3

Restructuring - losses utilisation; capital allowance utilisation

Investment income treatment - rental; rental as business; REIT and bank interest

Q4

LLP tax treatment of partners; basis period; residence status; submission for estimates and tax instalments

That is what came out the last sitting and there is only 1 exam paper for all 3 sittings

So if you sit in the evening, the paper that was set in the morning will be the same paper - I think there is a design fault for ACCA in this case for ATX paper

Now what is my take on what may come out in the coming exam cycle; given that the examiner has not written any articles to date. 

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

Knowledge that can be tested this round for ACCA ATX exam would be:

RPGT - Death; Leases; Sub-lease; NGNL company; NGNL gift; NGNL 75% shares; dates; partial disposal; Co. amalgamation exemption

Sales tax - Drawback; Importation; Bad debt treatment; Penalties; Inter-co transfers

Estate and trust - with specific question asking about treatment of trustee; lump sum receipt of retention

Individual tax - gratuity; loss of employment; residence planning; difference between resident/non-resident; ESOS

Incentives - R&D; PS; RA; AIE; ASIE; MITC; ITA in that order of preference.

Tax admin - tax audit/investigation; public ruling vs advance ruling; DGIR powers

International tax - WHT - Public entertainer; Royalty; Interest; Labuan; Tax-EBITDA; Bilateral relief vs Unilateral relief; Permanent establishment

Investment holding company or unit trust treatment

Control transfer rules and implication for transfer of equipments between units

Stamp duty exemption for interco transfer; eligibility and also withdrawal

Question 1 will be a wild card with many small areas being examined

Financing - Lease vs HP vs Outright buy vs Rent

Setup - Branch vs Subsidiary

Interest rate restrictions for OD and related party transactions with interest rates

Discussion on whether the aggregate the business or to treat the businesses as stand alone

Discussion on badges of trade for classification of income earned

Discussion on principles of anti-avoidance that can be used

Tax computation will be required for 

1. RPGT

2. Company tax with incentives impact

3. Capital allowance and financing effect

Right that is all that I can think about for the coming exam

Those planning to study for Dec 2022 exam or March 2023 exam cycle - Jpro Training will open the intake by 18 September 2022

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

We have adjusted the fee to reflect the changes from current face to face to live classes with guidance approach.

The fee reflects the subject fee for ACCA 3 months course under Jpro 

Jpro Premium courses which combines both Jpro and First Intuition learning system will also be available from Sept 15th onwards

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

www.jprotraining.com

Prepare for ATX Malaysia June 2022 with the prize winning notes

Plan to take ACCA ATX and need someone who can provide support for your studies and also give practical exposure to the paper, in June 2022 ACCA exam cycle.

Sign up with Jprotraining, we provide the shortest set of notes for ACCA ATX paper and the largest bank of questions for the paper, with over 200+ questions for you to try.

We also provide a set of comprehensive short revision notes that was developed over years of exam technique training done for the big 4 players.

Those that want to sign up for 3 months intensive preparation course, the classes start on March 18, 2022. Register at our website for details

Septemer 2021 ACCA ATX(M) Exam preparation

  

What a year! It is September ACCA AAA exam cycle and you have been preparing for this exam since forever.  Some of the students had to postpone their exams in June 2021 due to the exam cancellation 

One of my students that set for remote invigilation in Johor managed to get the highest score in Malaysia for the ACCA ATX (Malaysia) paper for June 2021.

His approach was simple - follow the advice that was given and practice as much as possible the past papers; develop a strong accounting and audit sense and do the paper.

Exam advice 

1. Aim to get 50% of the marks first out of the way by targeting what can be done
2. Read all the examiner articles about technical matters
3. Rest well before the exam - a tired mind is not going to help you answer the question

ABOUT JPROTRAINING FOR ACCA DECEMBER 2021 PREPARATION

Those planning to prepare for the December 2021 ACCA exams Jpro Training has the most intensive and flexible 3 months course for working adults; using the most experienced lecturer to deliver exact examinable materials

We are now offering live online classes, and hybrid online classes; if possible face to face classes if lockdown is relaxed.

Studying at Jpro - you are studying with the expert tutor - Mr Jay FCCA who has guided the last 4 Malaysian top ACCA students in June 2021; Sept 2020; Dec 2019 and Sept 2019 for 3/4 of the papers.  There are more than 25 years of cumulative lecturer knowledge and experience to guide you.

In fact ATX Malaysia prize winner for June 2021 had used Jpro materials to get their results 

Sign up now for Jpro Online Dec 2021 preparation or suggest your friends to also visit it - we are sure our materials will help you focus on what is important

In the coming ACCA September 2021 exam cycle the following areas should have chance of coming out.

Corporate scenario question - Q1

1. The examiner likes to focus on some form of computation in this area to support the answer; you will have to show the workings for either ITA, PS variation or Automation allowance or Export allowance
2. It will be possible for the examiner to include TaxEBITDA if there is a foreign HQ
3. Consider treatment of expenses incurred
4. Agriculture allowance / IBA is also possible in this question
5. Report being prepared to the MD of the company
6. Computation of expected tax implication for the selected incentive or event the selected method of doing business
7. Consider branch vs subsidiary question
8. SST treatment - sales tax registration issues and implications for earlier registration

Individual tax / Other situations - Q2

1. Questions here are focused and shorter compared to Q1.
2. In this current exam, this may be location for death, RPGT with death, lease in RPGT, lease asset treatment
3. Rental income treatment
4. Interest income treatment and possible restrictions for interest deduction
5. Income derivation rules

Other questions - Q3/Q4

• This covers wide variety of issue and will include the following areas as possible exam focus

1. Labuan tax implications (payment and entity tax)
2. Unit trust or REIT
3. Trust treatment - residence
4. Service tax treatment issue - this is wide scope
5. Permanent establishment
6. Individual - ESOS; Gratuity vs Compensation; Gift; Foreign secondment; Residence planning; 
7. RPGT; Partial disposal / Small capital exemption
8. Controlled transfer and capital allowance treatment
9. RPGT - 75% share transfer rule; liquidation NGNL; group efficiency NGNL requirements; RPGT Loss
10. Tax administration and compliance - tax audit vs tax investigation; powers of DGIR; RPGT compliance requirements 
11. WHT tax with application of S.107
12. Settlement 

The above is not all the areas that can come out for the exam, it is vital that you have updated yourself with the latest tax knowledge and apply the relevant answers.

Your memory of the key ideas are very critical and need to be fresh when going for the exams

Good luck in your preparation and hope for the best.

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!

Those planning to prepare for the June 2021 ACCA exams - sign up now with Jpro Training for the class. We have the most intensive and flexible 3 months course for working adults.

We are now offering live online classes, and hybrid online classes; if possible face to face classes if lockdown is relaxed.

Studying at Jpro - you are studying with the expert tutor - Mr Jay FCCA who has guided the last 3 Malaysian top ACCA students in Sept 2020; Dec 2019 and Sept 2019 for 3/4 of the papers.  There are more than 25 years of cumulative lecturer knowledge and experience to guide you.

Sign up now for Jpro Online June 2021 preparation or suggest your friends to also visit it - we are sure our materials will help you focus on what is important

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.