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Tax Computation Format Malaysia

Tax Computation Format Malaysia

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hello and welcome to the session and what you would learn or we will illustrate how to compute the income tax liability for a corporation so I'm going to go over the corporate tax formula and the reason I do so because sometimes you might be giving this number taxable income directly which is fine if you are giving taxable income directly then it's easy to compute your taxes however sometime you might be giving the information and bits and pieces and you will need to either back out into taxable income or compute taxable income so it's very important to understand the formula on how to get to taxable income also this formula is important because knowing the formula would help us know how to compute the charitable contribution which is the 10 percent of a taxable income and how to compute dividend received deduction because when we compute the dividend received deduction we take a certain number from that formula so looking at the formula would help us to refresh

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