| Schedule of Income Tax Expenses |
| |
|
As of |
|
| |
|
June 30,
2024 |
|
|
December 31,
2024 |
|
|
June 30,
2025 |
|
|
June 30,
2025 |
|
| |
|
RM |
|
|
RM |
|
|
RM |
|
|
Convenience
Translation
USD |
|
| Tax payable |
|
|
|
|
|
|
|
|
|
|
|
|
| As at beginning of the year/period |
|
|
1,632,210 |
|
|
|
1,632,210 |
|
|
|
3,918,926 |
|
|
|
930,264 |
|
| Tax expenses |
|
|
576,620 |
|
|
|
2,289,416 |
|
|
|
992,011 |
|
|
|
235,481 |
|
| Tax payment |
|
|
- |
|
|
|
(2,700 |
) |
|
|
(1,013,295 |
) |
|
|
(240,533 |
) |
| As at end of the year/period |
|
|
2,208,830 |
|
|
|
3,918,926 |
|
|
|
3,897,642 |
|
|
|
925,212 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Deferred tax liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accelerated tax depreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| As at beginning of the year/period |
|
|
823,938 |
|
|
|
823,938 |
|
|
|
907,405 |
|
|
|
215,397 |
|
| Tax expenses |
|
|
(18,100 |
) |
|
|
83,467 |
|
|
|
1,482 |
|
|
|
352 |
|
| As at end of the year/period |
|
|
805,838 |
|
|
|
907,405 |
|
|
|
908,887 |
|
|
|
215,749 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income tax expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| - Current year |
|
|
576,620 |
|
|
|
2,289,416 |
|
|
|
992,011 |
|
|
|
235,481 |
|
| - Origination of temporary differences |
|
|
(18,100 |
) |
|
|
83,467 |
|
|
|
1,482 |
|
|
|
352 |
|
| Total income tax expenses |
|
|
558,520 |
|
|
|
2,372,883 |
|
|
|
993,493 |
|
|
|
235,833 |
|
|
| Schedule of Reconciliation Accounting Profit Multiplied by Applicable Tax Rate |
A reconciliation between tax expense and the
product of accounting profit multiplied by applicable corporate tax rate for the financial years ended June 30, 2024, December 31, 2024
and June 30, 2025 were as follows:
| | |
As of | |
| | |
June 30,
2024 | | |
December 31,
2024 | | |
June 30,
2025 | | |
June 30,
2025 | |
| | |
RM | | |
RM | | |
RM | | |
Convenience
Translation
USD | |
| Tax reconciliation | |
| | |
| | |
| | |
| |
| Profit before tax | |
| 2,480,619 | | |
| 9,538,393 | | |
| 8,844,362 | | |
| 2,099,453 | |
| Tax calculated at tax rate of 24% | |
| 481,994 | | |
| 2,289,214 | | |
| 2,122,647 | | |
| 503,869 | |
| Effects of: | |
| | | |
| | | |
| | | |
| | |
| - Lower domestic tax rate applicable to respective profits** | |
| (45,000 | ) | |
| (38,371 | ) | |
| (45,000 | ) | |
| (10,682 | ) |
| - Different tax rates in jurisdiction* | |
| 89,985 | | |
| 204,530 | | |
| (1,065,860 | ) | |
| (253,011 | ) |
| - Non-allowable expenditure | |
| 335,450 | | |
| 58,838 | | |
| 289,266 | | |
| 68,665 | |
| - Income not subject to tax | |
| (30,132 | ) | |
| (61,405 | ) | |
| (62,655 | ) | |
| (14,873 | ) |
| - Utilization of previously unrecognized capital allowance | |
| (273,777 | ) | |
| (79,923 | ) | |
| (244,905 | ) | |
| (58,135 | ) |
| Tax expenses | |
| 558,520 | | |
| 2,372,883 | | |
| 993,493 | | |
| 235,833 | |
| * | The Company’s is formed in British Virgin Islands and
is not subject to tax on its income or capital gains. In addition, upon payments of dividends by the Company to its shareholders, no
British Virgin Islands withholding tax is imposed. |
| | |
| ** | The Company’s subsidiaries formed in Malaysia and is subject to the corporate tax on taxable income derived from its activities conducted in Malaysia. Malaysia companies with a paid-up capital of not more than RM 2.5 million and a gross business income of not more than RM 50 million are taxed at different rates based on their taxable profit. The first RM 150,000 is taxed at 15%, the next RM 450,000 (up to RM 600,000) at 17%, and any amount exceeding RM 600,000 is taxed at 24%. Companies that do not fall into this category are taxed at a standard rate of 24%. |
|