TARC ACCA 2005: tax 3.2 (mys) tips 'updated'

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Thursday, November 25, 2004

tax 3.2 (mys) tips 'updated'

alan yeo

labuan
trust
estate
export - MITC
personal , individual
admin- record, return, payment
RPC, para 17, Basic period

Choong Kwai Fatt

Incentives
Allowance for increase export - MITC, Manufacturing co + Agriculture, Service Sector
Acquisition of foreign owned company
Acquisition of proprietary rights
Agriculture company - Schedule 4C and deduction for cost of Investment
Labuan
Cost of developing websire and approved offshore trading

Individuals
Personal finance
Joint assessment with partnership
Islamic finance
Resident status, 60 days test
business venture
self assessment
adventure in the nature of trade

double taxation agreement + withholding tax

Companies
Imputation system
Investment holding company, unit trust, close end fund
restructuring
dividend payment planning
asset acquisition planning
derivation of business income
tax planning for overseas sales
controlled transfer
interest expense

Co-op , charitable institution, Club

Tax admin
tax evasion tax avoidance
anti tax avoidance

RPGT
rpc
para 12
para 3 (b)
para 17

reinvestment allowance
incentive discussion

FTMS lecturer (Siva Nair).
just use it as reference.

1.RA + MITC (sure coming out)
2.Labuan (spotted by all lecturers...high possibility)
3.Joint Assessment /Separate Assessment (spotted by kwai fatt also)
4.RPGT (according to FTMS lecturer,he said cant depends on the past analysis to determine whether examiner will set RPGT questions or not..also must prepare for the RPGT questions)
5.trust (long time no come out)
6.Property Developer