SULIT

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MALAYSIA

BAHAGIAN PEPERIKSAAN DAN PENILAIAN

JABATAN PENDIDIKAN POLITEKNIK DAN KOLEJ KOMUNITI
KEMENTERIAN PENDIDIKAN MALAYSIA

JABATANPERDAGANGAN

PEPERIKSAAN AKHIR
SESI JUN 2018

DPA5033: MALAYSIAN TAXATION 2

PERATURANPERMARKAHAN

PENYELARAS
POLITEKNIK TUANKU SYED SIRAJUDDIN

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DPA5033 : MALAYSIAN TAXATION 2

MARK/NOTES

QUESTION 1 (a)

State FIVE (5) type of partners in a partnership. I mark each

Answer

a) Full partner I
b) Salaried partner I
c) Sleeping partner I
d) Limited partner I
e) Corporate partner I

Total 5 marks

QUESTION I (b)(i)
Explain the tax treatment of capital allowance in partnership.
Answer

a) Capital allowance allocation for the partnership based on the partners in

2
th~ership at t!Je enJ!_of each basjs p_eriod.
b) The allocation will be based on profit sharing ratio of each partner at the
2
end of basis period.
c) If any allowance that cannot be set off owing to be insufficiency of profit
is carried forward and forms part of the allowances for the next
Total 5 marks
assessment year.

QUESTION I (b)(ii)
Explain the tax treatment of donation made by the partnership business
Answer

a) Donation made by a partnership will be apportioned to partners at the

2.5
time the donation is made
b) When there are changes in a partnership, the date of a donation made and
partners' profit sharing ratio must be taken into consideration when
computing donation of each partner. 2.5

Total 5 marks

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DPA5033: MALA YSIAN TAXATION 2

QUESTION t (c)
Answer

Computation 0 f ·· • .
prov1s1onal adJusted mcome and divisible income
Hatiya Enterprise Year of Assessment 2017
~rovisional adjusted 346,800
mcome /
Less: Partner's salaries
Hani (RM4,000xl2) / 48,000/
Tini (RM3,000xl2) / 36,000/
Yati (RM3,000x9) / 27,000/ Every / = I mark

Yana(RM2,000x2) / 4,000/ (115,000) I x I O= IO marks

Partners' Interest on Total IO marks

capital ,.,
Hani ~ 3,200/
Tini ( J. 000 + 0 J' J.,200/ "2 5 3 3
Yati / 1,800/
".:fxVV
Yana / 267/ (iµ,::Fj

Repairs hani 's car / (400)/

Medical bill Tini / (500)/
Divisible Income ~ -i,'2.J l oo

QUESTION 2

a) State whether each expenses given below is 'Allowable', · Non Allowable'

or 'Double Deduction' expenses.
Answer /

i. Statutory audit and tax compliance fees - Allowable I Every /= I mark

/

ii. Repair the roof of the factory building which was damaged - Allowable I / x 5 = 5 marks
Ill . International trade fairs held in Malaysia for the promotion of exports
/ .
approved by MIT! - Double Deduct,on/ ,,,.
Total 5 marks
iv. Legal expenses for renewal of loan - Allowable/
V. Rental and other re.!llted expenses to rental but not exclusively for business
premises - Non Allowable/
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DPA5033: MALAYSIAN TAX ATION 2

b)
Syukur Tech Sdn Bhd
Income tax payable for the year assessment 2017
( basis period I July 2016-30 June 20\ 7)

RM'000s RM'000s
Profit before tax
1,
2,812 f
Add: non allowable exnenses (o~tof \l ~ "'~ ~ 5"V I
Depreciation fhO(.L._;~ ¥:\ 12,000 I
Compony secretarial fees restfirted :'i I Every I= I m:irk
-~(RMI0k-RM5k)
Tax filling fees (restricted to RM19K- 9 I / x 15 = 15 marks
RMI0K) Total 15 marks
Interest expenses IO I
,, Cash donation 100 I
Entertainment exn - {,...,.)t Clt'lr,ue.>I J 1,vyw nil I 1)~01'"
Sponsorship fo!'local football 33 mt I _u,m
Less: Double deduction exp
/ Material for research project ( 150) I
Salaries of research staff (1 ,000) I
L'lu~Jitv ~nnh-n l ~n d-+ou•' - • ·-•:n n -ntl-
1 ,vDisabled staff remuneration (12) I (I , 162)
Less: Non business income 11/, '< IS'°'n,,c. rt-P
Dividend income ( 12) I ( 12) I$'
ADJUSTED INCOME l: ~f~ I
1,, Less: Capital allowances (137) I
STATUTORY INCOME \') lo i' ~
1,, Dividend income tWl-l N / Nil
b - ·" ' ffflt 0 I
AGGREGATE INCOME 13,625 I

c)
I
i) Capital exp./
ii) Revenue exp./ ]
iii) Capital exp / luvQ,- ...,e 127-f . I
iv) Revenue exp /
v) Capital exp / I
]

Marks = 5

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SULIT DPA503 3: MALAYSIAN TAXATION 2

d)

i) The repair cost is capital expenditure/ Every /= 1 mark

/ x 5 = 5 marks
It is capital in nature where the machine purchased is not in a
Total 5 marks
position to be used without undertaking the repairs./
ii) Improvement to an assets/
The repair is significant before it can be used /
iii) In itiol repairs/

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 SL'LIT
DPA503 J MALAYSIAN TAXA'TJO~ 2

I QUESTION J (a)
MARK'NOTES

You are required to compute the income tax payable for Red Velvet Sdn Bhd by
showing th ·
e exemption amount for the years of assessment 201 6 to 20 17

I Aoswer

I
The project income for the period of two years from 2016 to 201 7 were as Total 15 marks
folio\\ :
Year of Assessment 2016 201 7 ( / • 1 mark)

RM RM Total 15 marks

Income from promoted product :

~ Adj usted income 360,0001 470,000/
, Less . Capital Allowclllces (75,000)/ (1 20,000}!
1 285,000/ 350,000/
Statutor: Income
,.. 70-~ exemption (199,500}/ (245,000}L
, Deemed total income 85,500/ 105,000·
• Other fncome : Interest I0,800/ NIL
( lul v xful,~)
Ui•r~<Q b/t- 1..-,wrrt•., /I 96.300/ 105,000
•
..A Tax Payable : 190/4 (20 l 6) 18.297/
{f Ii"/., /t)J'f
..- Tax Pa)ablc 18% (20 17) 18.900,'

Total 5 marks
Q VE~TIO~ 3 (bJ

2.5m
Explain the diff~cncc bciwccn Pwnccr Status and lnvesrmenr Tax Allowance

I~ 2.5m
I

v l Rare
Pioneer staru~ - 700" - 100° o1
[\ICI)' I : 1 ma rk
ITA - 50°0 - lOO~·ol / x 5 = S marks
l/2. Method of calculating Total 5 ma r ks
PS - Rate x sratutol') income,,
ITA - Rnte x Capital Expenditure,
(resoicted to not more than 70° o of S1)1

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 SL'Lff DPM033 MALAYSIAN TAXATI0"-12

I Qucsuon4

YIJU ure requirtd

Ii a) i) Calculate chargeable income under Employment income of Pn K.halida

for }Car assessment 2017.

Answer: lo.,+·.,,-, 't( to )

~~on 11(.1) ( 0\)
Salary RM36 000/

Every / = 1 mark
Entertainment allo\l.ance RM 3 0001
/ x 7 = 7 marks
~cal allo" ancc exempt' Total 7 marks

Total income 39 000/

Reliefs: self (9 000)/

: Childrens (16 000)/

( r..rr. ~)!> x))
-------------

Chargeable income 14 000/

a) li,Calcu~ estimated chargeable income for Pn Khalida if she venture in a

bus1.nn) and quit from her current job.
~...~'JY' '« r;,o)
Sal~ RM 100 000/

I · ) Alllowabk ex~nk'A (l< M50 000 )/

'l 0 Every/ = 1 mark

AdJustcJ income RM7<1000,
/ x8 = 8 marks

(•) capital allo1Aam:e /RMIO OUUIJ )I Total 8 marks

S1a1ul1Jf)business income, 4-0 oOO

Total income RM6e·OOO
Reliefs. self t9 000)/
I T .
Childrcns l 16 000)/
S U (Qrn ~ OO\.) )( l ) ••••• • (5&,····- ·

tda~ O,ben gcablc income RMJI000

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DPA5033 : MALAYSIAN TAXATION 2

b) Analyse your answer in i) and II··) and advise

. Pn Khalida whether or not she
should quit from her current JO
· b and venture with
. her intended business by
considering her tax Payable compared to extra money she might earn by
doing so.

Every/ = 1 mark

/ x 10 = 10 marks

Tax payable with employment income Total 10 marks

st
On the l RMSOOO RMO/
On the next RM9000 @ 1% RM90/

Tax as per scale rate RM90

(-) rebate - c~f Q.rf\ 4oo '(itMziOO)/
t-e¼vk J ~_:!Q____
Tax payable NIU
=-

Ta.x payable with business income 0

st
On the l f5 000 '™900"I
0 I\ +k ~+
fl«1 l O, 000
Tax as per scale rate ~
/l>D/
?-ff'(()()
(-) rebate - ~,el .f 12.l'fl. '{-00 (RM4003/
yv~ ck,1 Jl!TI 10 D /

Tax payable RM500/ /

N i l-

I e.Mplo~~-t
Advise : Pn Khalida should choose/ to venture into business even though~ - J <• ~ (M) ~X..

payable is more because she would have more money in hand/ even after she
e---
pays her tax. (RM3S000 - RM 14000 - RMS00 = RM20 500).

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