144 Annual Report 2021 8. TAX EXPENSE (CONT’D) As mentioned in Note 3, the tax effects of deductible temporary differences, unused tax losses and unused tax credits which would give rise to net deferred tax assets are recognised to the extent that it is probable that future taxable profits will be available against which the deductible temporary differences, unused tax losses and unused tax credits can be utilised. As of 30 September 2021, the estimated amount of deductible temporary differences, unused tax losses and unused tax credits, for which the net deferred tax assets are not recognised in the financial statements due to uncertainty of realisation, is as follows: The Group 2021 2020 RM RM Unused tax losses 47,353,574 44,848,643 Unabsorbed capital allowances 185,119 170,105 Other temporary differences 235,473,845 171,011,803 283,012,538 216,030,551 On 13 December 2021, the Malaysia’s parliament passed the Finance Bill 2021, any accumulated tax losses brought forward from year of assessment 2018 can be carried forward for another 10 consecutive years of assessment (i.e. from year of assessments 2019 to 2028). Upon expiry of the 10 years, the unused tax losses will be disregarded. Business loss incurred Carried forward Unutilised amount will in year of assessment RM up to YA be disregarded in YA 2018 6,805,767 2028 2029 2019 10,812,498 2029 2030 2020 8,175,094 2030 2031 2021 11,360,368 2031 2032 37,153,727 Under the Indonesia tax regulations, the unused tax losses can be utilised within 5 years after the losses were incurred. Business loss incurred Carried forward Unutilised amount will in year of assessment RM up to YA be disregarded in YA 2017 2,966,886 2022 2023 2018 7,232,961 2023 2024 10,199,847 Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2021
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