Company tax computation format (1)

1. 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)

2. 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