Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 166

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 19
Chunk 166
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  Current income tax                                                           56,127                            33,361                           ( 6,927       ( 5,306  
  Deferred income tax                                                                                                                                                    
  Origination and reversal of temporary differences                          ( 18,596                          ( 17,508                          ( 11,124       ( 8,522  
  Income tax expense                                                           37,531                            15,853                          ( 18,051      ( 13,828  

MAGNITUDE
INTERNATIONAL LTD AND ITS SUBSIDIARIES

NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS

  21.      Income                             
           tax expense/(benefit) (Continued)  
 ──────────────────────────────────────────────

Relationship
between tax expense/(benefit) and accounting profits

A
reconciliation between tax expense /(benefit)

Schedule
of reconciliation between tax expense and product

                                                              April 30, 2023                     April 30, 2024                     April 30, 2025                              
                                                              SGD                                SGD                                SGD                                         
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Profit before income tax                                                          821,266                          2,023,322                            24,929        19,098  
  Tax calculated at tax rate of 17% (2024 and 2023: 17%)                            139,615                            343,965                             4,238         3,247  
  Effects of:                                                                                                                                                                   
  Income not subject to tax                                                       ( 322,318                           ( 73,980                           ( 6,330       ( 4,849  
  Expenses not deductible for tax purposes                                           16,469                             21,114                            90,442        69,284  
  Tax concessions and deductions                                                   ( 41,854                           ( 17,425                          ( 17,425      ( 13,348  
  Deferred tax assets not recognized/(utilized)                                     217,528                          ( 257,821                          ( 62,904      ( 48,189  
  Under/(Over) provision in prior financial year                                     28,091                                  -                          ( 26,072      ( 19,973  
  Income tax expense                                                                 37,531                             15,853                          ( 18,051      ( 13,828  

Unrecognized
deferred tax assets

The