General Announcement for PLC
26/11/2021OTHERS 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 |
PMAH wishes to announce that on 25 November 2021, Press Metal Bintulu Sdn Bhd (“PM Bintulu”), a 80%-owned subsidiary of the Company, had received notices of additional assessment dated 25 November 2021 from the IRB for the years of assessment 2014, 2015, 2016, 2017, 2018 and 2019 (collectively referred to as “Notices of Additional Assessment”) amounting in aggregate to RM106,059,655.47 (inclusive of penalties) (“Additional Income Tax Payable”).
Based on legal advice obtained from our tax solicitors, PM Bintulu is of the view that there are reasonable grounds to challenge the Notices of Additional Assessment raised by IRB.
The Board of PM Bintulu is currently deliberating on the next course of action. PMAH will make further announcements if there are any material developments in respect of the foregoing.
This announcement is dated 26 November 2021.
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Announcement Info
Company Name | PRESS METAL ALUMINIUM HOLDINGS BERHAD |
Stock Name | PMETAL |
Date Announced | 26 Nov 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-25112021-00117 |