FGV HOLDINGS BERHAD | AUDITED FINANCIAL STATEMENTS 2023 89 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 14 ZAKAT Group 2023 RM’000 2022 RM’000 Movement of zakat liability: At beginning of financial year - - Current financial year’s zakat expense 34,162 35,142 Zakat paid (34,162) (35,142) At end of financial year - - 15 TAXATION Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Malaysian income tax: - In respect of current financial year 150,596 567,875 7,308 8,290 - In respect of prior financial year 8,328 (16,302) 3,130 (3,150) Foreign income tax: - In respect of current financial year 23,204 34,001 - - Deferred tax (Note 48) 7,710 65,906 5,721 532 Tax expense 189,838 651,480 16,159 5,672 In the previous financial year, included in tax expense for the Group was “Cukai Makmur” amounting to RM107,000,000.
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