| Schedule of Major Components of Income Tax Expense Recognized in Profit or Loss |
The
major components of income tax expense recognized in profit or loss for the years ended March 31, 2024, 2025 and 2026 were:
| | |
March 31,
2024 | | |
March 31,
2025 | | |
March 31,
2026 | |
| | |
US$ | | |
US$ | | |
US$ | |
| Current
income tax | |
| | |
| | |
| |
| Current
year’s provision | |
| 223,455 | | |
| 149,467 | | |
| 213,299 | |
| Over
provision in respect of prior years | |
| — | | |
| (114,028 | ) | |
| — | |
| | |
| 223,455 | | |
| 35,439 | | |
| 213,299 | |
| Deferred
taxation | |
| | | |
| | | |
| | |
| Current
year (Note 6) | |
| (45,354 | ) | |
| (16,158 | ) | |
| (18,519 | ) |
| | |
| 178,101 | | |
| 19,281 | | |
| 194,780 | |
|
| Schedule of Reconciliation Between Tax Expense and the Product of Accounting Profits Multiplied by Cambodia Income Tax Rate |
A
reconciliation between tax expense and the product of accounting profits multiplied by Cambodia income tax rate for the financial years
ended March 31, 2024, 2025, and 2026 were as follows:
| | |
March 31,
2024 | | |
March 31,
2025 | | |
March 31,
2026 | |
| | |
US$ | | |
US$ | | |
US$ | |
| Profit
before income tax | |
| 1,297,633 | | |
| 228,954 | | |
| 430,405 | |
| | |
| | | |
| | | |
| | |
| Tax calculated at tax rate of 20% (2025: 20%) | |
| 259,527 | | |
| 45,791 | | |
| 86,081 | |
| | |
| | | |
| | | |
| | |
| Effects
of: | |
| | | |
| | | |
| | |
| Income
not subject to tax | |
| (27,286 | ) | |
| — | | |
| (29,787 | ) |
| Expenses
not deductible for tax purposes | |
| 34,759 | | |
| 90,753 | | |
| 178,110 | |
| Utilization
of deferred tax assets previously not recognized | |
| (112,077 | ) | |
| (129,959 | ) | |
| (142,816 | ) |
| Effect
of minimum tax rates in Cambodia | |
| 46,472 | | |
| 149,467 | | |
| 147,857 | |
| Tax
concessions and deductions | |
| — | | |
| — | | |
| (21,154 | ) |
| Over
provision in respect of prior year | |
| — | | |
| (114,028 | ) | |
| — | |
| Different
tax rates in foreign jurisdiction | |
| (23,294 | ) | |
| (22,743 | ) | |
| (23,511 | ) |
| | |
| 178,101 | | |
| 19,281 | | |
| 194,780 | |
|