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.

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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.

ACCA ATX March 2021 / June 2021 exam preparation

 

Are you preparing for acca ATX (Malaysia) for 2021 exam cycle

march 2021 is the last paper based exam.  you can study with jprotraining.

if you want to prepare over a period of 6 months, sign up with Sunway college Johor for the 6 months part time course

all the courses are online live and supported with pre-recorded video if you miss the materials

study with the experts who have prepare students for 3-months courses for over 4 years.