Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 77

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 4A
Chunk 77
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 periodically evaluates positions taken in tax returns with respect
to situations in which applicable tax regulation is subject to interpretation and considers whether it is probable that a tax authority
will accept an uncertain tax treatment. The Group measures its tax balances either based on the most likely amount or the expected value,
depending on which method provides a better prediction of the resolution of the uncertainty.

Deferred income tax is recognized for all temporary
differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements except when
the deferred income tax arises from the initial recognition of goodwill or an asset or liability in a transaction that is not a business
combination and affects neither accounting nor taxable profit or loss at the time of the transaction.

A deferred income tax liability is recognized
on temporary differences arising on investments in subsidiaries, associates and joint ventures, except where the Group is able to control
the timing of the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable
future.

A deferred income tax asset is recognized to the
extent that it is probable that future taxable profit will be available against which the deductible temporary differences and tax losses
can be utilized.

Deferred income tax is measured:

(i) at the tax rates that
are expected to apply when the related deferred income tax asset is realized or the deferred income tax liability is settled, based on
tax rates and tax laws that have been enacted or substantively enacted by the balance sheet date; and

(ii) based on the tax consequence
that will follow from the manner in which the Group expects, at the balance sheet date, to recover or settle the carrying amounts of its
assets and liabilities except for investment properties. Investment property measured at fair value is presumed to be recovered entirely
through sale.

Current and deferred income taxes are recognized
as income or expense in profit or loss, except to the extent that the tax arises from a business combination or a transaction which is
recognized directly in equity. Deferred tax arising from a business combination is adjusted against goodwill on acquisition.

The Group accounts for investment tax credits
(for example, productivity and innovation credit) similar to accounting for other tax credits where a deferred tax asset is recognized
for unused tax credits to the extent that it is probable that future taxable profit will be available against which the unused tax credits
can be utilized.

Item 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES