Baltex Sdn Bhd, a fund management company, derived the following income for the year ended 31 December 2020:

Capital allowance allowed for foreign investors amounted to RM160,000 and for local investors amounted to RM200,000.

REQUIRED:

Calculate tax payable by Baltex Sdn Bhd both for local and foreign investors for the year of assessment 2020.

Foreign Investors Local Investors RM000 RM'000 RM000 RM'000 6,000 4,000 Revenue Less: Operating Cost Staff remuneration Rent Telecommunication costs Statutory fees Other operating costs Depreciation Total operating costs before tax Profit 1,800 200 400 40 2,000 200 1,000 200 200 40 1,200 200 4,640 1,360 2,840 1,160 Foreign Investors Local Investors RM000 RM'000 RM000 RM'000 6,000 4,000 Revenue Less: Operating Cost Staff remuneration Rent Telecommunication costs Statutory fees Other operating costs Depreciation Total operating costs before tax Profit 1,800 200 400 40 2,000 200 1,000 200 200 40 1,200 200 4,640 1,360 2,840 1,160