ATX Malaysia updates

The recent examiner meeting was insightful for ATX Malaysia with the following issues being highlighted
1. GST will be examinable until September 2019
2. The 4 compulsory question seems to be better liked 
3. The examiner highlighted that most students had jumped into the answer on trigger words rather than read the whole question
4. The examiner also highlighted that most students had stereotyped views of tax treatment with assumptions that some exemptions are always good.

Overall the exam paper had tested most of the aspects that was available in the technical articles, obviously with some element of creativity.

At Jpro, we ensure that students preparing for the Malaysian ATX paper have a clear understanding of the tax knowledge and practice a wide variety of questions - close to 200 questions before going into the exam.

This preparation has yielded a pass rate that exceeds the world pass rate for ATX in June and September 2018.

If you are working and studying, we suggest that you take one paper for every 3 months cycle - this is the best you can manage.

If you are full time student, try taking 2 papers if you can cope with the preparation load.

Those planning to prepare for the March 2019 ACCA exams for ATX (Malaysia) can always opt to study with Jpro online or class room.

ATX Malaysia Dec 2018 Tips

The exam is around the corner and the following would be the hot areas for the coming ACCA ATX exams.  Preparing for ACCA ATX Dec exams is not an easy task.

You need to be aware that this sitting there is a team of examiners and no longer based on one single examiner.

This means that exam questions will be mixed.

Do remember - this time the exam is Q1 - 35; Q2 - 25; Q3 - 20; Q4 - 20.

You should have covered all the basic incentives - RA, ITA, PS, Export, R&D, Agricultural allowance.  Technical article on this issues are HOT.

In the case of RPGT, do cover the idea of leases, options, death transfers and also transfer using shares based settlement.

It is possible for partial sale scenario for RPGT.

In terms of individual - focus on gratuity, compensation for loss of office, employment vs professional, Professional Indemnity Insurance, ESOS, Public entertainer WHT, Working on ship, tax borne by employer.

In terms of foreign tax - cover WHT, Bilateral and Unilateral relief, Labuan taxation.

In terms of corporate tax scenario
- Financing of business
- Restructuring - merger or acquisition scenario
- Group relief
- Derivation of income consideration
- Treatment of income / cost
- Argument for taxability of a source of income
- Stamp duty for share valuation
- Controlled sales
- Inter-group asset sale - property

In terms of GST
- GST invoice timing
- De minimis rule
- Capital goods adjustment
- Importation

In terms of special tax situations
- LLP
- IHC
- Unit trust

Other area
- Rental treatment for investment property
- Capitalised interest treatment  - guideline by IRB for MFRS 123
- Investment property treatment - guideline by IRB for MFRS 140
- Anti-avoidance; focus on settlement 
- Transfer pricing - methods used by IRB.

Jpro will be starting the classes for March 2019 ACCA ATX exams by Dec 16, 2018.

The class covers over 250+ question practice and also specialised notes that manage each area of knowledge.

The coverage for past year papers - 100% of all past papers is done.

Sign up for classes for all professional papers - www.jprotraining.com







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P6 Malaysia June 2018 Exam tips

Planning to take the P6 Exams after Mahathir announced that GST will be scrapped.

This is a sad death for GST and revival for sales and service tax; but one that will be celebrated by the rakyat.

Those that set for March 2018 exams should be aware of what did come out :
Venture capital
RPGT dates
LLP vs Company
Residence
WHT
Stamp duty
Awards for individual
Tax of deceased person
Treatment of compensation
GST Input tax
Business activity aggregation vs segregation 

The above can repeat for June 2018; so be wary of the items above.

Now the tips for P6 (M) June 2018 exams

REIT / Unit trust
Acquisition
Controlled transfer
Donation treatment
Financing
Leasing
IHT
Transfer pricing/ WHT
Incentives - PS / ITA / AFPP / Medical
RPGT - Death or RPC
Treatment of expense
RPGT - Death; RPC
Esos 
Retirement planning
Anti-avoidance
Tax administration issues - compliance for company tax

Those planning to prepare for September 2018 ACCA P6 (M) can join the class that starts on mid June 2018 at Jprotraining - our timetable is already out.

The preparation for September 2018 will be the most comprehensive preparation with over 180 questions practiced over the 3 month period, allowing for a detail coverage of the whole syllabus.

The only change for September 2018 exams would be the move away from choice based question to compulsory set of questions.

This would imply the need to cover the whole syllabus and not try to depend on last minute spots.

Keen to start with the only 3 months part time course provider in Malaysia for ACCA - visit our website @www.jprotraining.com 

Jprotraining is the only fast and flexible ACCA training provider in Malaysia that has been using blended learning approach since 2009.

We are also the only online learning provider for ACCA in Malaysia that is truely Malaysian.

P6 Malaysia Dec 2017 Exam tips

The following are the areas that has a high chance for the coming exam

1. RPGT - Death, RPC and compliance
2. Controlled sales
3. Agricultural allowance
4. Export incentives (for all factors)
5. VCC, VCMC, VC individual investors
6. Leases
7. Debt sourcing - article
8. Subsidiary vs Agent
9. Resident status for company and individual
10. REIT and Unit trust
11. GST Registration, Mix supplier issues, Supply exemptions and supply treatment, invoice dates
12. Rental and interest income (article)
13. Capital goods adjustment for GST
14. ESOS
15. Settlement and anti-avoidance issues
16. Tax administration (article)
17. SME implications
18. Capital vs Income tax
19. RA, PS, ITA, Export incentive, AFPP


Good luck for the exams.

One note - the exam is very technical and if you depend on only a few questions, you will not be ready for the exams

Jpro training will be starting the preparation cycle for March 2018 exams from Jan 2018

Those planning to study for March 2018 exams can register for the classes for other papers now

ACCA P6 (M) Malaysia September 2017 Exam tips

It is back to that time that you all hate - exam week for ACCA papers.

The last meeting with the examiner highlighted the following issues about the students.  The outcome from the meeting seems to agree with what an ancient ACCA lecturer.

According to Confucious FCCA -
1. Student really don't know what they don't know until it is asked and they still didn't know what was being asked, so they answer what they know
2. Student that read the question they had prepared for always answer what they prepared and not what was asked!
3. Student with strong memory has higher chance of passing compared to student with weak memory
4. Student with good tips sometimes repeat the paper without knowing why they failed in the first time
5. Student who is well prepared has better chance to pass compared to student who studied 25 questions only

Confucious also say that in some occasions the tips for a paper may be your last hope to pass the paper.

So to help Confucious out, I have compiled a list of possible items that could be coming out for the coming exam for September 2017 ACCA P6 (M).

1. Financing issue for company - debt / equity / leasing / hp OR Acquisition of business via share / asset purchase
2. Venture capital company, venture capital tax incentive, angel investor, venture capital management company
3. Pionner status, ITA, AIE, EIE, Group relief,  Purchase of IP, Purchase of foreign company
4. RPGT - cover all, with emphasis on sub-leases, RPC, partial disposal and RPGT admin
5. Stamp duty 
6. REIT, LLP, Trust
7. Income treatment - rental / capital / business 
8. GST - place, timing, gift, mixed supplier issues, bad debt treatment
9. Tax admin - audit, investigation, basis period, estimates 
10. Transfer pricing
11. Agricultural allowance
12. Expense treatment - bad debts, interest, legal fees

If the above is confusing that is because you need to review the outcomes from the past year and see how items have been tested

Good luck preparing for ACCA P6 Malaysia and tell you friends about studying ACCA faster and flexible with Jpro Training, the only 3 months ACCA tuition provider that caters for online and part-time students.

P6(M) June 2017 Exam paper discussion

The paper was done, and most of the students got back to me on what they had done for this paper.

Even if the tips on the spot on for the paper and the area that was examined is an expected area, there is always an issue for ACCA P6 Malaysian Advance tax paper.

At the exam point, it is easy for the student to mess up the area being asked and focus on the wrong issues.

In this case, Q1 was about RA, this was a shock for those that did not prepare for RA type questions, but the examiner had focused on a narrow aspect of the incentive - time extension rules.

Most of the people missed this.

The other parts of the question focused on the deductibility of expenditure and GST issues.

Next Q2 was about the Listed investment holding company.

I had some students get back to me, saying that they had treated it as basic investment holding company.

The examiner feedback on this - too bad, 12 marks burnt out of 25 marks

It will likely be that most students either did this correct or failed it miserably.

Q3 was about permanent establishment and discussion of branch vs. subsidiary treatment for foreign investment.

This is either prepared for or not!

Q4 was about individual tax, IBA and time bar about additional assessments, this was the favorite question for all students with many attempting it.

Q5 Full out RPGT questions based on leasing of property and treatment of payments

Overall the paper was considered by many has been difficult and also hard to achieve.

Most of the sitters for the paper that I had talked to claim that they had the tips but felt the paper was hard.

This comes to a question whether the paper is hard or easier than other optional papers?

My take on the paper, it is about the same level of difficult since the level of knowledge required for the paper is wide and there is limited scope for the student to use principle based answers that are available in P1,2,3,4,5 and 7.

This is a rule based paper, and the examiner is focused on testing the niche rules, which implies memory based recall.

There is limited advisory within the paper, even Q2 was explaining the difference in both and not advice the company based on their situation what is preferred an approach to set-up.

If advise, there would have been more background information about the objective of investment and also the consideration of other factors regarding liquidity and repatriation, even tax regime of the originating country.

This would have allowed a student to discuss which approach would have been suitable rather than just recall rules about how to treat each item and state them - either you can recall or not.

If we count the questions provided and basis of marks
Q 5 - Explain 13 marks; Compute 7 marks
Q4 - Calculate with explaining 8 marks; Explain 7 marks; Determine 3 marks
Q3 - Explain 20 marks
Q2 - Explain 13 marks; Compute 12 marks
Q1 - Compute 7 marks; Explain qualifying rules and treatment 28 marks

All explain questions require a recall of ideas that was studied and packaged into an answer.

So if you do not like memorization and recall to specific - avoid this paper; it can be a killer since there are many students out there that believe wrongly that this is an easy paper.

My reading from teaching and preparing students for ACCA P6(M) is done for those that have a knack for memory and those that are not into the complex computation.

The complex computational paper is P4, the complex accounting paper is P7 and the complex management paper is P5

Hope that helps.

Those preparing for ACCA P6(M) September 2017 can visit www.jprotraining.com for information on the revision and if you are sick and tired in doing this paper - try another paper - it only takes 3 months to complete any paper with JPro - the specialist in 3 months ACCA courses

Tips for ACCA P6 Malaysia June 2017

The exam is coming close and the tips for this sitting is here.

The following is expected to appear in the coming ACCA P6 Malaysia exams.

Incentives - Export / ITA / PS / VCC / AFPP / Hospital / Group relief / R&D

Individual - ESOS / Remuneration planning / Rental / Employment vs Business - Doctors case

GST - Gift rules + Service + De minimis rule + Capital goods adjustment + Timing of invoices

Avoidance - Interest for directors + Interest restriction + Controlled transfer 

Compliance - Investigation vs Audit difference + Individual tax submission + SME issues

International - Withholding tax + PE + Transfer pricing 

RPGT - Death + Trust + Partial sale

Others - Investment Holding + Leasing + Agricultural allowance + Business trust

Jpro will be starting their classes for September 2017 examination in June 2017; if you want to study for that paper without too much of your life being taken away for classes - join up for the classes in Shah Alam, s.32 or study at home at www.jprotraining.com

Ok there you go, the forecast from Jpro Training, the only one in Malaysia to start 3 months courses for ACCA first and now is being followed by others.

Those planning to take your OBU for Nov 2017 submission, drop by Jpro on the 11th of June 2017 for a preview 11.00 am to 12.30pm or from 3.30 pm to 5.00pm.