Acca F6
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
(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