Serial System Ltd ( (SG:S69) ) has shared an announcement.
Serial System Ltd announced that the Inland Revenue Authority of Singapore (IRAS) has accepted their position that a one-off receipt related to a transfer is capital in nature, leading to a revised tax assessment of S$5,892,000 for the year 2020. However, IRAS maintains its stance on the fair value gain from the investment in Unitron being on revenue account, leaving the existing tax assessment for 2019 unchanged at S$1,038,000. The company, along with its tax advisor, will continue discussions with IRAS to resolve the outstanding tax matters related to Unitron.
More about Serial System Ltd
Serial System Ltd is a company incorporated in Singapore, operating within the electronics distribution industry. It primarily focuses on providing electronic components and consumer electronics products, catering to a broad market that includes manufacturers and retailers.
YTD Price Performance: -18.00%
Average Trading Volume: 465,975
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$36.73M
For detailed information about S69 stock, go to TipRanks’ Stock Analysis page.