Question: QUESTION 3 (30 Marks) a. Patama Sdn. Bhd, a high technology company are located in Proton City Industrial Park. The company plan to apply

QUESTION 3 (30 Marks) a. Patama Sdn. Bhd, a high technology company

QUESTION 3 (30 Marks) a. Patama Sdn. Bhd, a high technology company are located in Proton City Industrial Park. The company plan to apply for either pioneer status or investment tax allowances. The projected transaction for two years of operation are as follow: 2018 Tax rate 24% 2019 24% Statutory Income 0 RM650,000 Qualifying Capital Expenditure: Industrial building RM49,000 RM23,000 Plant and machineries RM42,000 RM40,000 REQUIRED: Compute the tax payable for Patama Sdn. Bhd. under the pioneer status and Investment tax incentives. [15 marks] b. Describe five (5) double deduction expenses that can be deducted by business owner. [10 marks] C. Explain two (2) differences between investment tax allowance and ploneer status. (5 marks]

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