General Announcement for PLC
25/04/2022OTHERS PRESS METAL ALUMINIUM HOLDINGS BERHAD ("PMAH" OR "THE COMPANY") - NOTICES OF ADDITIONAL ASSESSMENT ISSUED BY INLAND REVENUE BOARD OF MALAYSIA ("IRB") TO PRESS METAL BINTULU SDN BHD
PRESS METAL ALUMINIUM HOLDINGS BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | PRESS METAL ALUMINIUM HOLDINGS BERHAD ("PMAH" OR "THE COMPANY") - NOTICES OF ADDITIONAL ASSESSMENT ISSUED BY INLAND REVENUE BOARD OF MALAYSIA ("IRB") TO PRESS METAL BINTULU SDN BHD |
(Unless otherwise stated, all abbreviations used in this announcement shall have the same meanings as defined in the Company’s announcement dated 26 November 2021)
Further to the announcement dated 26 November 2021 on the above matter, PMAH wishes to announce that its subsidiary PM Bintulu has reached an amicable settlement with the IRB in respect of the Notices of Additional Assessment.
Pursuant to a letter from the IRB dated 22 April 2022 (which was received after 5pm), a final settlement with the IRB amounting to RM26,738,298.53 (inclusive of penalties) in respect of the Notices of Additional Assessment (which comprised years of assessments (“YA”) 2014 to 2019) and extended to YA 2020 was reached (hereinafter referred to as “Final Settlement”). The Final Settlement will be paid in eight (8) equal instalments commencing from May to December 2022.
The Final Settlement will be recognised in the financial statements for the financial year ended 31 December 2021 and will not have a material impact on the financial position and financial performance of PMAH group.
With the above, the tax dispute between PM Bintulu and the IRB has been closed.
This announcement is dated 25 April 2022. |
Announcement Info
Company Name | PRESS METAL ALUMINIUM HOLDINGS BERHAD |
Stock Name | PMETAL |
Date Announced | 25 Apr 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-25042022-00058 |