Wasco Berhad Integrated Annual Report 2023

Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 33 TAX EXPENSE Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 (Represented) Current tax: - Malaysian income tax 22,873 13,538 341 494 - Foreign taxation 21,325 39,523 - - 44,198 53,061 341 494 Deferred taxation 23,935 (14,137) 4,324 (368) 68,133 38,924 4,665 126 Current tax: - Current financial year 42,989 47,850 - 539 - Under/(Over) provision in prior financial years 1,209 5,211 341 (45) 44,198 53,061 341 494 Deferred taxation - Origination and reversal of temporary differences 23,935 (14,137) 4,324 (368) Tax expense recognised in profit or loss 68,133 38,924 4,665 126 Integrated Annual Report 2023 258

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