Page 180 - KWAP_AR2022

178 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) FoR BEttER REtURNS

notes to the
financial statements
for the year ended 31 december 2022

6. TAxATION

Group
31 December 31 December
2022 2021
RM’000 RM’000

current taxation
foreign income tax 2,693 6,963
deferred taxation
foreign income tax (16) (11)

Tax expenses for financial year 2,677 6,952

a reconciliation of income tax expense applicable to profit before taxation at the statutory income tax rate of the group
and of KWap are as follows:

Group KWAP
31 December 31 December 31 December 31 December
2022 2021 2022 2021
RM’000 RM’000 RM’000 RM’000
profit before taxation 397,151 9,955,125 262,972 9,991,681

taxation at the malaysian statutory tax rate
of 24% (2021: 24%) 95,316 2,389,230 63,113 2,398,003
different tax rates in other countries* 2,693 6,963 - -
income not subject to tax (95,316) (2,389,230) (63,113) (2,398,003)
capital allowances in excess of depreciation (16) (11) - -
Tax Expenses For The Financial Year 2,677 6,952 - -

* different tax rates in other countries refers to the corporate tax rate of the united Kingdom of 19% (2021 – united
Kingdom: 19%).