Acca F6

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Taxation
(Malaysia)
Monday 1 December 2008

Time allowed
Reading and planning:
Writing:

15 minutes
3 hours

ALL FIVE questions are compulsory and MUST be attempted.
Tax rates and allowances are on pages 2–3.

Do NOT open this paper until instructed by the supervisor.
During reading and planning time only the question paper may be annotated. You must NOT write in your answer booklet until instructed by the supervisor.
This question paper must not be removed from the examination hall.

The Association of Chartered Certified Accountants

Paper F6 (MYS)

Fundamentals Level – Skills Module

8D–MYSTT
Paper F6MYS

SUPPLEMENTARY INSTRUCTIONS
1.
2.
3.

Calculations and workings should be made to the nearest RM.
All apportionments should be made to the nearest whole month. All workings should be shown.

TAX RATES AND ALLOWANCES
The following tax rates, allowances and values are to be used in answering the questions. Income tax rates
Resident individual
Chargeable income
Band
Cumulative
RM
RM
2,500
2,500
2,500
5,000
15,000
20,000
15,000
35,000
15,000
50,000
20,000
70,000
30,000
100,000
150,000
250,000
Excess

Tax payable
Rate
Cumulative
%
RM
10
0
11
25
13
475
17
1,525
13
3,475
19
7,275
24
14,475
27
54,975
28

Resident company
Paid up ordinary share capital

First
RM500,000
20%
26%

RM2,500,000 or less
More than RM2,500,000
Non-resident
Company
Individual

Excess over
RM500,000
26%
26%

26%
28%

Personal deductions
Self
Self – additional if disabled
Spouse
Spouse – additional if disabled
Child – basic rate
Child – higher rate
Disabled child
Life insurance premiums and approved scheme contributions
Medical expenses for parents
Medical expenses for serious disease of self, spouse or child, including up to RM500 for medical examination
Basic supporting equipment for self, spouse, child or parent if disabled Educational and medical insurance for self, spouse or child
Study course fees for skills or qualifications
Purchase of a personal computer
Purchase of books, magazines etc for personal use
Purchase of sports equipment
Deposit for a child into the National Education Savings Scheme

2

maximum
maximum

RM
8,000
6,000
3,000
3,500
1,000
4,000
5,000
6,000
5,000

maximum
maximum
maximum
maximum
maximum
maximum
maximum
maximum

5,000
5,000
3,000
5,000
3,000
1,000
300
3,000

8D–MYSTT
Paper F6MYS

Rebates
Individual with chargeable income not exceeding RM35,000
Basic rate
Rate for an individual entitled to a deduction for a spouse or a former wife

RM
350
700

Value of benefits in kind
Car and fuel scale
Cost of car
(when new)
RM
Up to
50,000
50,001
to
75,000
75,001
to 100,000
100,001 to 150,000
150,001 to 200,000
200,001 to 250,000
250,001 to 350,000
350,001 to 500,000
500,001 and above

Prescribed annual value of
private usage of car
RM
1,200
2,400
3,600
5,000
7,000
9,000
15,000
21,250
25,000

Fuel per
annum
RM
600
900
1,200
1,500
1,800
2,100
2,400
2,700
3,000

The value of the car benefit equal to half the prescribed annual value (above) is taken if the car provided is more than five (5) years old, but the value of fuel provided remains unchanged. Household furnishings, apparatus and appliances

RM per month
Semi-furnished with furniture in the lounge, dining room, or bedroom 70
Semi-furnished with furniture as above plus air-conditioners, and/or curtains and carpets 140
Fully furnished premises
280
Domestic help

400

Gardener

300

Driver

600

Telephone (fixed or mobile):

RM per annum
300
300

Hardware
Bills

Capital allowances

Industrial buildings
Plant and machinery – general
Motor vehicles, heavy machinery
Computers, information technology equipment and computer software Office equipment, furniture and fittings

Initial
Rate %
10
20
20
20
20

Annual
Rate %
3
14
20
40
10...
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