This document outlines the format for computing company tax in Malaysia. It lists items that are added and subtracted from net profit before tax to arrive at statutory income, including non-allowable expenses that are added back and special deductions that are subtracted. It then details the steps to calculate aggregate income, chargeable income, tax chargeable, tax credits, and final tax liability.

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