Notes to the Financial Statements for the Financial Year Ended 30 September 2024 MKH BERHAD ANNUAL REPORT 2024 Laying The Foundation of Excellence Where People Matter Guided by Leadership, Inspired by People Delivering Value That Matters to People PG. 208 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 2024 2023 2024 2023 RM RM RM RM Profit before tax 144,661,088 117,197,229 2,126,557 99,083,745 Tax calculated using Malaysian tax rate of 24% (2023: 24%) 34,718,700 28,127,300 510,400 23,780,000 Tax effects of: Non-deductible expenses 9,118,870 7,202,654 2,920,396 1,842,169 Non-taxable income (3,003,622) (2,538,976) (3,211,896) (25,397,169) Share of results of associates (994,195) (790,694) - - Effect of difference in Real Property Gains Tax rate (960,340) 125,020 - - Effect of difference in overseas tax rate: The People’s Republic of China 8,300 50,300 - - Republic of Indonesia (1,496,880) (836,893) - - Deferred tax assets not recognised 10,951,520 7,278,100 - - Realisation of deferred tax assets not recognised in prior financial years (4,593,622) (2,950,700) - - Under/(Over) provision in prior financial year: Current tax 1,420,074 (1,873,287) (1,334) 4,269 Deferred tax (2,409,246) 2,125,932 - - Tax expense 42,759,559 35,918,756 217,566 229,269
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