Sunday, May 21, 2017

内陆税收局向万能 追税......约 5亿。。。MAGNUM。。。。。。没有可能不支付。。。。。。。的税务。。。扣掉约4亿7千6百万。。。。万能还剩下多少。。。。

MATERIAL LITIGATION Notices Of Assessment Raised On Magnum Berhad ("Magnum" Or "Company") And Magnum Holdings Sdn Bhd ("MHSB"), A Wholly Owned Subsidiary Of Magnum, By The Director General Of Inland Revenue ("DGIR")

MAGNUM BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
Notices Of Assessment Raised On Magnum Berhad  ("Magnum" Or "Company") And Magnum Holdings Sdn Bhd ("MHSB"), A Wholly Owned Subsidiary Of Magnum, By The Director General Of Inland Revenue ("DGIR")

  1. Pursuant to Paragraph 9.04(f) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Magnum wishes to announce that on 15 May 2017, Magnum and its wholly owned subsidiary, MHSB, were served with notices of assessment with penalty as follows:
Name of Company Years of Assessment Amount
Magnum 2008, 2011 to 2015 22,713,632.16
MHSB 2008 to 2013 453,751,831.58

Total 476,465,463.74

2.         Both Magnum and MHSB had appointed solicitors and are initiating proceedings to challenge the validity and legality of the notices of assessment.

3.        The said notices of assessment were raised pursuant to:

(a)  the disallowance of MHSB’s deduction of interest expenses and loan stock interest expenses incurred during the said years of assessment for the Court sanctioned Selective Capital Repayment Exercise and Privatisation of Magnum Corporation Sdn Bhd in 2008, then known as Magnum Corporation Berhad. Further, the notices of assessment for the years of assessment 2008, 2009, 2010 and 2011 were issued out of the prescribed time frame under law; and

(b)  principally the disallowance of Magnum’s deduction of interest expenses for investments.     

4.         Upon consulting its solicitors, the Board is of the view that there are reasonable grounds to challenge the validity of the notices of assessment raised by the DGIR and the penalty imposed.

5.        There will not be any imminent financial effects on the Group as the Group is seeking to secure a stand over of payment pending the resolution of this matter.

This announcement is dated 19 May 2017.




Announcement Info

Company Name MAGNUM BERHAD
Stock Name MAGNUM
Date Announced 19 May 2017
Category General Announcement for PLC
Reference Number GA1-19052017-00050

No comments:

Post a Comment