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Answers - ACCA Global
AnswersProfessional Level Options Module, Paper P6 (MYS)Advanced Taxation (Malaysia) December 2012 AnswersAll statutory references are to the income Tax Act 1967, as amended, unless otherwise Tax Services8, Jalan Lapan,80000 Kuala Lumpur, Director,Grand Sdn Bhd,10, Lot 100,10000 Penang, December 2012 Dear Sir,Proposed share-listing exercise Tax implicationsWe understand that Grand Sdn Bhd (Grand) is in the midst of preparations for its public listing in the Bursa Malaysia. It is thusimportant that the tax affairs of the company be brought up-to-date and in good append below our comments on some of the relevant issues:(i) income tax treatment as an unlisted investment holding companyGrand is an investment holding company deriving income from rents and interest from bank deposits.
Professional Level – Options Module, Paper P6 (MYS) Advanced Taxation (Malaysia) December 2012 Answers All statutory references are to the Income Tax Act 1967, as amended, unless otherwise stated.
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