259 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2025 06 / FINANCIAL STATEMENTS 01 02 03 04 05 07 08 09 19. DEFERRED TAXATION (CONT’D.) Group 2025 RM’000 2024 RM’000 Year of expiry of unutilised tax losses is analysed as follows: - 2028 9,754 9,754 - 2029 3,218 3,218 - 2030 2,937 2,937 - 2031 1,858 1,858 - 2032 2,575 2,575 - 2033 1,089 1,089 - 2034 1,855 1,855 - 2035 15,194 - 38,480 23,286 On 27 December 2018, the Finance Act 2018 was gazetted and section 10 of the Finance Act 2018 made amendments to Section 44 of Income Tax Act 1967 (“ITA”). Effective year of assessment (“YA”) 2019, the ability to carry forward the unabsorbed losses is restricted to a maximum period of ten (10) consecutive years. The unabsorbed capital allowances for the Group are not subject to ten (10) year limitation period and available for offsetting against future taxable profits of the Group. These utilisation of carried forward tax losses and allowances are also subject to the condition of no substantial change in shareholding of the companies under the Income Tax Act 1967 and guidelines issued by the tax authority.
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