SCC Holdings Berhad Annual Report 2019

notes to the financial statement 31 december 2019 (cont’d) 75 SCC Holdings Berhad | Annual Report 2019 24. Taxation Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Tax expenses recognised in profit or loss Malaysian statutory tax: - Current tax provision 2,468 2,686 - - - Over provision in prior years (280) (176) - (8) 2,188 2,510 - (8) Deferred tax: - Origination and reversal of temporary differences (2) - - - - Over provision in prior years (4) (108) - - (6) (108) - - 2,182 2,402 - (8) Malaysian income tax is calculated at the statutory tax rate of 24% (2018: 24%) of the estimated assessable profits for the financial year. Taxation for other jurisdiction is calculated at the rates prevailing in the respective jurisdictions. A reconciliation of income tax expenses applicable to profit before taxation at the statutory tax rate to income tax expenses at the effective tax rate of the Group and of the Company is as follows: Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Profit before taxation 7,609 9,551 4,138 4,746 At Malaysian statutory tax rate of 24% (2018: 24%) 1,827 2,292 993 1,139 Effect of different tax rate in other jurisdictions 10 - - - Expenses not deductible for tax purposes 492 390 41 43 Income not subject to tax (158) (160) (1,185) (1,327) Deferred tax assets not recognised during the financial year 295 164 151 145 Over provision of taxation in prior years (280) (176) - (8) Over provision of deferred taxation of prior years (4) (108) - - 2,182 2,402 - (8)