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Tax Expense
 12 Months Ended
Jun. 30, 2023
Tax Expense [Abstract]  
Tax Expense

19. TAX EXPENSE

 

   For the year ended 
   30 June
2023		   30 June
2022		 
   RM   RM 
         
Income tax        
- Current year provision   131,368    6,079,034 
- (Over)/Underprovision in prior year   (6,010,761)   633 
    (5,879,393)   6,079,667 
Deferred tax (Note 14)          
- Relating to origination and reversal of temporary differences   258,229    8,667,787 
- (Over)/Underprovision in prior year   (23,058)   161,926 
    235,171    8,829,713 
    (5,644,222)   14,909,380 

 

Malaysian income tax is calculated at the statutory tax rate of 24% (30.06.2022: 24%) of the estimated taxable profit for the fiscal year.

 

Numerical reconciliation between the average effective tax rate and the applicable tax rate of the Group is as follows:

 

   For the year ended 
   30 June
2023		   30 June
2022		 
   RM   RM 
         
Profit before tax (“PBT”)   21,893,003    88,292,402 
           
Tax at Malaysian statutory rate of 24% (30.06.2022: 24%)   (5,254,321)   (21,190,182)
           
Tax effects in respect of:          
Non-allowable expenses   (1,024,330)   (1,199,536)
Non-taxable income   2,524    22,721 
Deferred tax assets not recognized   (2,205,090)   
-
 
Changes in unrecognized temporary differences   (13,288,607)   7,620,170 
Tax exempt income   21,334,568    
-
 
Utilisation of unrecognized deferred tax assets   45,659    
-
 
    (389,597)   (14,746,827)
           
Under provision in prior years:          
Income tax   6,010,761    (633)
Deferred tax (Note 13)   23,058    (161,920)
Tax expense   5,644,222    (14,909,380)