Basic Taxation

Tax Computation

Net Profit

Add: Non-deductible expenses

Less: Double deduction expenses

Adjusted Income

Add: Balancing Charges

Less: Capital Allowances

Statutory Income

Less: Prior year losses

Add: Other sources of income

Aggregate Income

Less: Current year losses

Less: Approved donation

Total Income

Less: Reliefs (applicable only to individual tax payer)

Chargeable Income

Note: Any approved donation is restricted to 7% and 10% of aggregate income of an individual tax payer and company tax. YA2009 (amended) Income Tax Act 1967.