The effective date of the application of this FRSIC CONSENSUS was 1 August 2007. The release of FRSIC Consensus 1 – Determination Of Substantively Enacted Tax Rate For Year Of Assessment 2008 And Thereafter provides guidance, to address use of tax rates w...
DEFERRED TAX LIABILITIES The movements and components of deferred tax liabilities are as follows:- 2008 2007 RM RM At beginning of year xx,xxx xx,xxx Acquisition of subsidiary x,xxx x,xxx Transfer to/(from) income statement x,xxx (x,xxx) At end of year xx,xxx ...
Income tax Income tax on the profit or loss for the period comprises current and deferred tax. Current tax is the expected amount of income taxes payable in respect of the taxable profit for the period and is measured using the tax rates that have been enacted...