PETALING JAYA: Cocoaland Holdings Bhd will have to pay very much lower additional income tax and penalty to the taxman after the Inland Revenue Board (IRB) allowed the claim of reinvestment allowance on certain plant and machinery.
The confectionery manufacturer said it would now have to pay RM14,847 following its successful appeal against the earlier amount of RM5.88mil imposed by the IRB.
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