Full Module 10: Corporate Income Tax Report (SME Focus) - Abik Trading - Demo

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Corporate Income Tax Report

Deep analysis based on LHDN Borang C — tax adjustments, capital allowance & SME rates

1Company & Revenue

2Operating Expenses

3Tax Adjustments

4Capital Allowance

🏢 Company Classification

Paid-Up Capital (determines SME eligibility)

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≤ RM 2.5 Million
SME Rate (15%/17%/24%)

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> RM 2.5 Million
Standard Rate (24%)

💰 Revenue & Income

Gross Revenue / Sales (total business revenue for the year)

Cost of Goods Sold (COGS) (direct cost of products/services)

Other Income (bank interest, rental, FX gain)

📊 Operating Expenses

Staff Salaries & Contributions (annual total — EPF, SOCSO employer portion included)

Director’s Remuneration (annual total — salary, bonus, fees, benefits)

Rent, Utilities & General Expenses (annual total — office rent, electricity, telco, supplies — exclude corporate insurance)

Accounting Depreciation (MUST be added back — LHDN doesn’t recognize)

⚠️ Non-Allowable Expenses (Add-Backs)

These are expenses in your P&L that LHDN does not allow as deductions. They will be added back to your adjusted profit.

Non-Allowable Expenses (entertainment 50%, fines, penalties, personal expenses, donations to non-approved bodies)

🛡️ Corporate Insurance (100% Allowable)

Insurance premiums paid for business purposes are 100% tax deductible under S.33(1) ACP 1967. Enter separately — do NOT include in Operating Expenses (Step 2).

Corporate Insurance Premiums (Keyman, Group Medical/PA, Fire, Liability — entered separately from OpEx)

🕌 Business Zakat (For Muslim-Owned Companies)

Business Zakat Paid (max deduction: 2.5% of Aggregate Income)

🏗️ Capital Allowance (CA)

Instead of accounting depreciation, LHDN grants Capital Allowance (IA + AA) on qualifying assets.

Brought Forward CA (unabsorbed CA from prior years)

New CAPEX This Year (qualifying asset purchases — we compute 20% AA)

📉 Unabsorbed Business Losses

Unabsorbed Losses (Brought Forward) (business losses from prior years — max 10 consecutive years)

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Analyzing Your Tax Data

Our AI is crunching the numbers and generating personalized insights

Initializing… 0%

1 Validating your inputs

2 Calculating financial metrics

3 AI analyzing your data

4 Generating personalized report

5 Preparing final results