XMH Subsidiary PT Xin Ming Hua Engine Loses Objection to IDR 74.8 Billion VAT Assessment
Bitget2026/10/22 04:25- Indonesian tax authorities rejected XMH Holdings' wholly owned subsidiary PT Xin Ming Hua Engine's objections to IDR 74.8 billion in VAT assessments.
- The rejected objections cover the period from May 1, 2023, to Dec. 31, 2023.
- The subsidiary will file formal tax appeals against the decisions.
- The total assessment of approximately IDR 143.9 billion relates to the financial year ended April 30, 2024.
- Payment of the full assessment would materially affect the group's current-year financial results.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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