This quiz from the Stage 1 (Individual) Deloitte Tax Challenge 2019 assesses knowledge of Malaysian tax law, focusing on income definitions, tax deductions, and rebates. It is designed for individuals preparing for tax-related roles, enhancing understanding of complex tax regulations.
Royal Malaysian Customs Department
Royal Malaysian Customs Depot
Regulated Malaysian Customs Department
Royal Malaysian Central Department
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25641
26451
12654
51462
15264
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48%
56%
58%
60%
62%
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City
Animal
Ocean
River
Country
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Intellectual property rights
Land
Cash
Owner's equity
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The best connections you have, the more successful you will be
The better connections you have, the more successful you will be
The better connections you have, the more successfully you will be
The better connections have you, the more successful you will be
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Accounts receivable
Cash
Services
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I needed to call my client but I forgot
I had to call my client but I forgot
I must have called my client but I forgot
I was supposed to call my client but I forgot
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12
4
1
7.5
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I and II
I, II and III
II, III and IV
All of the above
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36
45
46
64
99
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Animal
Country
State
City
Ocean
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For example pictures, tables, and graphs
As pictures, tables, and graphs
Such as pictures, tables, and graphs
For instance pictures, tables, and graphs
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16
18
12
24
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21
30
50
60
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20
24
25
26
28
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Income of the following years from non-business source
Income of the following years from the same business source
Income of the following years from all business sources
Unabsorbed capital allowance cannot be carried forward
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Cost
Cost per unit
Gross margin
Revenue
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Consultancy fee paid to a non-resident company for services rendered in Germany
Commission fee paid to a non-resident company which is in the business of commission agency
Appearance fee paid to the famous movie star, Jackie Chan for a show in Malaysia
Technical seminar fee paid to a non-resident organizer for seminar held at London
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RM500.00
RM550.00
RM575.00
RM577.50
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RM 200,000
RM 700,000
RM 800,000
RM 1,100,000
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20, 30
120, 180
720, 1080
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A liability is a debt for your business.
Debtors are a debt for your business.
The accounting equation shows how much of your assets belong to the owner, and how much ‘belong’ to people outside the business.
If you cannot work out a value for an item that will bring you future benefits, then you cannot keep this as an asset in your records.
None of the above
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Within 1 month when Optimal Sdn Bhd enters the payment in its accounts
Within 1 month before the commencement of its new financial year
Within 1 month after the close of its financial year end
Within 1 month when Optimal Sdn Bhd electronically transfers the payment to the non-resident
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I and II
I and IV
I, III and IV
III only
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To claim capital allowance on principal payments made during the year
To claim capital allowance on principal and interest payments made during the year
To expense off the interest payments
None of the above
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YA 2017
YA 2018
YA 2019
YA 2020
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Malaysian Investment Development Authority (MIDA)
Sustainable Energy Development Authority Malaysia (SEDA)
Ministry of Energy, Green Technology and Water
Sarawak Corridor of Renewable Energy (SCORE)
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I and II
I, II and IV
III
III and IV
I, II and III
II, III and IV
I, III and IV
All of the above
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One month from 20 March 2018
One month from 10 March 2018
One month from 28 February 2018
20 March 2018
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I and II
II and III
III and IV
All of the above
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I, II and III
I, III and IV
II and III
All of the above
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I and II
I and III
I, II and III
All of the above
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Plan or coordinate business activities with its affiliates and its subsidiaries in the region
Import and export of products and leasing warehouse activities
Undertake research and project development and identify sources of raw materials, components or other industrial projects
Undertake feasibility studies on investment and business opportunities in Malaysia and the region
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One
Every year
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I and III only
I, II and III
II and III
All of the above
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I, II and IV
III and V
II, III and V
I, II and III
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RM160,000
RM130,000
RM100,000
RM50,000
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Strategic business planning and corporate development
Brand management
Tax services
Sales and marketing
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Bill is taller than Peter
Peter is taller than Bill
Bill is as tall as Peter
None of the above
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Interest expense arising from bank loan for purchase of commercial properties for long term investment purposes
Interest expense arising from bank overdraft for working capital purposes
Interest expense arising from bank loan for purchase of plant and machinery
Interest expense arising from bank loan to purchase shares where single tier dividend was received
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I and II
I, II and III
I, III and IV
All of the above
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I'd appreciate it if you can dress professionally
I'd appreciate it if you could dress professionally
I'll appreciate it if you could dress professionally
I'll appreciate it if you can dress professionally
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Remuneration of employees for the period they were hospitalised
Payment for services of a contract research and development company
Leave passage provided to disabled employees
None of the above
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I and II
I, II and III
III and IV
All of the above
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In spite of
Despite
Even if
Even though
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I, II and III
II, III and IV
I and IV
All of the above
Quiz Review Timeline (Updated): Mar 20, 2023 +
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