Astro Served Notice By IRB For Additional Assessment Of RM734 Million

Astro Malaysia Holdings has informed that it has been served Notices of Additional Assessment by the Inland Revenue Board for years of assessment 2019 to 2023 amounting to RM22,011,627 and RM712,865,984 (including penalties).

The group said the notices were raised pursuant to the disallowance of production costs incurred during the said years of assessment by the IRB.

Astro and its subsidairies were given 30 days from the date of the notices to appeal against the IRB’s decision, the group said based on legal advice obtained, they are of the view that there are fair and reasonable grounds to defend against the Notices. 

Astro, Measat Broadcast and Astro Shaw intend to appeal and if required, initiate legal proceedings to challenge the basis and validity of the Notices raised by the IRB.

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