QUOTE(karhoe @ Jul 23 2009, 10:53 PM)
Hi guys,
I am joining the upcoming Deloitte Tax Challenge and few legislations will be tested in the challenge.
I am wondering, is there any website where we can download the actual legislation of certain Acts such as Malaysia Income Tax Act, the real Act, word by word as approved by Parliament?
Thanks
We rarely refer to income tax act for 2 reason :
- its extremely thick & hard to navigate
- tax law updated annualy so its hard to distinguish which is new or old
Solution : We refer to Public Ruling. (In Malaysia only).
Here is one of the link :
http://www.ird.govt.nz/technical-tax/public-rulings/Or you can simply refer to CKF text book.
Added on July 24, 2009, 1:09 amQUOTE(Xesgod @ Jul 23 2009, 10:31 PM)
I've been frequenting this thread for quite some time now and don't mind me asking, Topace, what papers are you currently sitting for or have you already graduated? You seem very well versed in all things ACCA lol
Waiting for final 2 optional paper result.
I dont know much about acca, its just that I am willing to disclose 100%.
Going for the acca career soon.
Added on July 24, 2009, 1:18 amQUOTE(allornothing @ Jul 24 2009, 12:27 AM)
Well I guess what is freely available on the internet isn't as valuable then. Unless you know someone in the Tax department, I don't see any other way
Tax is like law & there are bound to be some loopholes waiting to be explored. When successfully exploited, govt will come to argue then bring mattters to court if both parties unwilling to come into compromise (which is often the case). Suffice to say Govt always lose in court case but they learn from mistake by making new amendments with those tax cases they losed.
Tax is quite subjective since you can see things from many angles. I always encounter arguments in P6 when both lecturer & examiner have differing views & both are correct, so its all about assumptions.
Of all papers in ACCA, I find Tax is the most useful paper to attract "non-accounting people" to listen to you. Just say this magic word "I can help you to reduce your tax to zero without any expenditure incurred". Of course you must know b4 you brag
This post has been edited by Topace111: Jul 24 2009, 01:18 AM