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    Muhammad Izwan Bin Ros Zulkeflee 1811170224 Atx-C

    Uploaded by

    Putera Izwan
    This document contains calculations of taxable income and income tax payable for Muhammad Izwan Bin Ros Zulkeflee for the years 2018 and 2019. In 2018, Muhammad had a total income of RM90,000 from which RM21.6 of income tax was payable at a rate of 24%. In 2019, Muhammad had a total income of RM423,000 from which RM101.52 of income tax was payable at a 24% rate. The calculations take into account pioneer and non-pioneer business incomes and losses, interest income, donations, and carried forward losses.

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    Muhammad Izwan Bin Ros Zulkeflee 1811170224 Atx-C

    Uploaded by

    Putera Izwan
    30 views2 pages
    This document contains calculations of taxable income and income tax payable for Muhammad Izwan Bin Ros Zulkeflee for the years 2018 and 2019. In 2018, Muhammad had a total income of RM90,000 from which RM21.6 of income tax was payable at a rate of 24%. In 2019, Muhammad had a total income of RM423,000 from which RM101.52 of income tax was payable at a 24% rate. The calculations take into account pioneer and non-pioneer business incomes and losses, interest income, donations, and carried forward losses.

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    This document contains calculations of taxable income and income tax payable for Muhammad Izwan Bin Ros Zulkeflee for the years 2018 and 2019. In 2018, Muhammad had a total income of RM90,000 from which RM21.6 of income tax was payable at a rate of 24%. In 2019, Muhammad had a total income of RM423,000 from which RM101.52 of income tax was payable at a 24% rate. The calculations take into account pioneer and non-pioneer business incomes and losses, interest income, donations, and carried forward losses.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    30 views2 pages

    Muhammad Izwan Bin Ros Zulkeflee 1811170224 Atx-C

    Uploaded by

    Putera Izwan
    This document contains calculations of taxable income and income tax payable for Muhammad Izwan Bin Ros Zulkeflee for the years 2018 and 2019. In 2018, Muhammad had a total income of RM90,000 from which RM21.6 of income tax was payable at a rate of 24%. In 2019, Muhammad had a total income of RM423,000 from which RM101.52 of income tax was payable at a 24% rate. The calculations take into account pioneer and non-pioneer business incomes and losses, interest income, donations, and carried forward losses.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Muhammad Izwan Bin Ros Zulkeflee 1811170224 ATX-C

    Pioneer Status Basic Computation

    YA 2018 RM’00 RM’000


    0
    Business 1 (non-pioneer) 142
    Business 2 (non-pioneer) NIL
    Business 3 (pioneer) NIL
    Business 4 (pioneer) – RM300,000
    - 70% of RM300,000 210
    - Less: non-pioneer current year loss (210)
    - Less: pioneer loss NIL
    - Exempt pioneer income NIL
    Aggregate Statutory Business Income 142
    Less: Unabsorbed non-pioneer loss brought forward (25)
    Net Aggregate Statutory Business Income 117
    Interest Income 80
    Aggregate Income 197
    Less: Current year non-pioneer business loss (179)
    Less: Current year pre-pioneer business loss (18)
    Less: Approved donation (NIL)
    NIL
    - 30% of business 4 pioneer SI 90
    Total Income / Chargeable Income 90
    Income tax payable at 24% 21.6

    YA 2019
    Business 1 (non-pioneer) 120
    Business 2 (non-pioneer) 50
    Business 3 (pioneer) – RM70,000 NIL
    - 70% of RM70,000 49
    Business 4 (pioneer) – RM500,000 NIL
    - 70% of RM500,000 350
    399
    - Less: non-pioneer current year loss NIL
    - Less: pioneer loss brought forward (99)
    - Exempt pioneer income 300
    Aggregate Statutory Business Income 170
    Less: Unabsorbed non-pioneer loss brought forward (22)
    Net Aggregate Statutory Business Income 148
    Interest Income 132
    Aggregate Income 280
    Less: Current year non-pioneer business loss NIL
    Less: Approved donation (Restricted to 10% of Aggregate Income) (28)
    252
    - 30% of business 3&4 pioneer SI 171
    Total Income / Chargeable Income 423
    Income tax payable at 24% 101.52

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