Tax incentive related to the Green Building Index (GBI) is only applicable from:

• 24.11.2009 until 31.12.2015

• 24.10.2008 until 31.12.2013

• 24.09.2009 until 31.12.2014

• 24.10.2009 until 31.12.2014

What is the purpose of tax incentives for construction companies?

• To increase the company’s income.

• To rescue an abandoned project.

• To support a green environment.

• To increase the company’s capital.

When there is sufficient income from the contract/project, expenses on defects liability shall be allowed as deduction against the gross income for the basis period/following basis period.

• True

• False

 

Who are the presenters of our group?

• Lim Yik Ling, Tan Vi Jie, Fu Ruo Teng, Ng Xiang Yee, Ooi Yin Hong

• Ang Ying Shan, Lim Yik Ling, Fu Ruo Teng, Ooi Yin Hong, Loh Ching Yin

• Ling Wan Mey, Tan Vi Jie, Ng Xiang Yee, Loh Ching Yin, Lim Yik Ling

• None of the above

Which of the following are examples of direct expenses that are related to property development?

I.      Inner roads      II. Drainage     III. Soil investigation fee            IV. Reservoir

• I, II and III

• I, II and IV

• I, III and IV

• II, III and IV

How many subtopics do we discuss today?

• 3

• 4

• 5

• 6

Estimated gross profit for the whole contract

= (Total payment received & payable / Total contract price) x Estimated gross profit for the whole contract

• True

• False

Which company is the presented example of the financial report extracted from?

• Gamuda Berhad

• Sunsuria Berhad

• IJM Corporation Berhad

• Nakano Construction

Which of the following situations cannot be considered as the date of commencement of a construction contract?

• The date on which the contract is secured verbally

• The date on which the contract is signed

• The date on which the construction contractor considers appropriate

• The date on which the construction activity is carried out

When is the contract deemed completed?

• The date on which the Certificate of Practical Completion (CPC) is issued.

• The date on which the Temporary Certificate of Fitness for Occupation is issued.

• The date on which the Certificate of Fitness for Occupation (CFO) is issued.

• The date of any other certification which has a similar effect.