94 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2021 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2021 CONT’D 9. TAXATION Group Company 2021 2020 2021 2020 RM RM RM RM Current tax expense based on profit for the financial year from continuing operations: Malaysia income tax 7,212,370 7,764,374 - - Foreign income tax 2,324,106 3,788,293 - - (Over)/Under-provision in prior years (82,421) 100,936 - (13,898) 9,454,055 11,653,603 - (13,898) Deferred tax (Note 18): Relating to origination and reversal of temporary differences 2,733,920 341,146 6,148 (18,739) Under/(Over)-provision in prior years 353,206 203,802 37,042 (62,302) 3,087,126 544,948 43,190 (81,041) Current tax expense based on profit for the financial year from continuing operations 12,541,181 12,198,551 43,190 (94,939) Current tax expense based on profit for the financial year from discontinued operation (Note 16(e)) - 1 - - Tax expense for the financial year 12,541,181 12,198,552 43,190 (94,939) (a) The Malaysian income tax is calculated at the statutory tax rate of 24% (2020: 24%) of the estimated taxable profits for the fiscal year. (b) Taxation for other taxation authorities are calculated at the rates prevailing in those respective jurisdictions.
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