MKH Berhad 143 8. TAX EXPENSE (CONT’D) A reconciliation of tax expense applicable to profit before tax at the applicable statutory income tax rate to tax expense at the effective income tax rate of the Group and of the Company is as follows: The Group The Company 2021 2020 2021 2020 RM RM RM RM Profit before tax 161,053,974 116,475,686 79,717,699 58,821,224 Tax calculated using Malaysian tax rate of 24% 38,653,000 27,954,200 19,132,200 14,117,000 Tax effects of: Non-deductible expenses 5,981,806 7,952,590 1,600,300 2,189,836 Non-taxable income (2,240,935) (2,226,941) (17,428,200) (12,242,900) Share of results of associates 573,839 1,227,286 - - Double deduction expenses (80,700) (33,100) - - Effect of difference in Real Property Gains Tax (“RPGT”) rate 702,100 1,703,100 - - Effect of differences in overseas tax rate: The People’s Republic of China 35,600 34,300 - - Republic of Indonesia (2,117,400) (114,417) - - Deferred tax assets not recognised 7,845,630 13,214,415 - - Realisation of deferred tax assets not recognised in prior financial years (757,011) (958,020) - - Reversal of deferred tax assets recognised in prior year 8,986,800 602,700 - - Under/(Over) provision in prior financial year: Current tax 998,485 788,441 22,131 21,110 Deferred tax (235,220) 64,360 - 3,960 Tax expense 58,345,994 50,208,914 3,326,431 4,089,006 Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2021
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