Company tax computation format

1. 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
Drawings (COGS) X
*Holiday/leave passage X
Bad Debt - specific NIL
- general X
Loan to directors/employees X
*Entertainment on client X
Depreciation X
Provision of tax X
Proposed dividend X
Donation X
Etc X
LESS: SPECIAL DEDUCTION NIL
LESS: DOUBLE DEDUCTION
Salaru and remuneration for disabled employee (X)
Approved research and development (X)
Approved training (X)
Insurances premium (X)
ADJUSTED INCOME/ADJUSTED LOSS XXX
FORMAT-TAX COMP, MARINA IBRAHIM Page 1

2. ADD: Balancing Charge X
LESS: Cap All: - Unabsorbed CA c/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 c/d (XX)
ADD: OTHER NON BUSINESS INCOME
Dividend received (gross) X
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 (28% @ CI) XX
LESS: S 110 Dividend distribution (X)
Tax credit on dividend (Gross div @ 28%) (X)
TAX LIABILITY XX
FORMAT-TAX COMP, MARINA IBRAHIM Page 2