Indonesian Tax Authority Rejects XMH Unit's Objection to IDR74.8 Billion VAT Assessment
MT Newswires10-22
XMH Holdings (SGX:BQF) said Indonesia's tax authority rejected its unit Xin Ming Hua Engine's objection to 74.8 billion Indonesian rupiah in value-added tax assessments for the period from May 1 to Dec. 31, 2023.
Xin Ming Hua Engine will proceed with formal tax appeals against the decisions with the Tax Court of Indonesia, the Singapore-listed company said in a Thursday disclosure.
The assessment forms part of an overall 43.9 billion rupiah tax assessment notice issued in September 2025 for the group's financial year ended April 30, 2024, the filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
