OTHERS Astro Malaysia Holdings Berhad ("AMH") - Notices of Additional Assessment by the Inland Revenue Board of Malaysia ("IRB") on the wholly owned subsidiaries of AMH namely, Astro Shaw Sdn Bhd ("ASSB") and MEASAT Broadcast Network Systems Sdn Bhd ("MBNS")
| ASTRO MALAYSIA HOLDINGS BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | Astro Malaysia Holdings Berhad ("AMH")
- Notices of Additional Assessment by the Inland Revenue Board of Malaysia ("IRB") on the wholly owned subsidiaries of AMH namely, Astro Shaw Sdn Bhd ("ASSB") and MEASAT Broadcast Network Systems Sdn Bhd ("MBNS") |
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AMH wishes to announce that on 9 July 2024, the IRB served Notices of Additional Assessment (“Notices”) on ASSB and MBNS for years of assessment 2019 to 2023 amounting to RM22,011,627 and RM712,865,984 (including penalties), respectively. The Notices were raised pursuant to the disallowance of production costs incurred during the said years of assessment by the IRB. ASSB and MBNS are given 30 days from the date of the Notices to appeal against the IRB’s decision. Based on legal advice obtained, ASSB and MBNS are of the view that there are fair and reasonable grounds to defend against the Notices. Therefore, both ASSB and MBNS intend to appeal and if required, initiate legal proceedings to challenge the basis and validity of the Notices raised by the IRB. AMH will provide updates from time to time of any material development to this matter.
This announcement is dated 11 July 2024. |
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Announcement Info
| Company Name | ASTRO MALAYSIA HOLDINGS BERHAD |
| Stock Name | ASTRO |
| Date Announced | 11 Jul 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-10072024-00029 |