marina ibrahim Page 1 7/10/2014

COMPANY TAX COMPUTATION - FORMAT

ADD (LESS)

RM RM

NET PROFIT BEFORE TAX XX

LESS: NON BUSINESS INCOME (X)

Dividend received (As per P&L acc) (X) Interest received (As per P&L acc) (X)

Interest on loan to employee (X)

ADD: NON ALLOWABLE EXPENSES Bad Debt - specific NIL

- general X Depreciation X

Provision of tax X Proposed dividend X

Donation X Etc X

LESS: SPECIAL DEDUCTION NIL

LESS: DOUBLE DEDUCTION

Approved training (X) Insurances premium (X)

ADJUSTED INCOME/ADJUSTED LOSS XX/(XX)

ADD: Balancing Charge X LESS: Cap All: - Unabsorbed CA b/d (X)

- Current CA (X)

- Balancing Allowance (X) (XX)

STATUTORY INCOME XXX

ADD: Statutory income from other business XX

AGGREGATE STATUTORY INCOME FROM BUSINESSES XXX

LESS: Unabsorbed previous year business loss b/d (XX)

marina ibrahim Page 2 7/10/2014

ADD: OTHER NON BUSINESS INCOME

Dividend received from pioneer status company Exempted Interest on Fixed Deposit X

Interest received from overseas (remitted) Exempted Interest on loan to employee X

AGGREGATE INCOME XXX

LESS: Current business loss (Adjusted Loss) (XX)

Approved donation (XX) (XX)

TOTAL INCOME/CHARGEABLE INCOME XX

Tax chargeable (25% @ CI) XX

TAX LIABILITY XX

The format for individual is also the same, started with Adjusted Income ended with Chargeable Income, except:

AGGREGATE INCOME XXX

LESS: Current business loss (Adjusted Loss) (XX) Approved donation (XX) (XX)

TOTAL INCOME XX LESS: Relief (XX)

CHARGEABLE INCOME XX Tax chargeable (SCALE OR FLAT RATE) XX

LESS: Rebate XX

TAX LIABILITY XX