CORPORATE GOVERNANCE & RISK MANAGEMENTKindly click here to read more.
Bumi Armada operates in multiple countries around the world with a varying degree of scale and size. The Group looks to actively comply with all the local rules in each country with regard to in-country tax laws as well as all operating requirements and regulations.
The Company discloses details of its tax position in the notes to its audited accounts via its annual filing release to Bursa (the Malaysian Stock Exchange) and in its annual report to shareholders. This reporting methodology is in-line, and in full compliance, with the Company’s reporting standards.
The disclosure includes, amongst other areas, the local income tax position (in Malaysia) and foreign tax paid during the year, as well as tax provisions for prior years, deferred tax amounts and the overall group effective tax rate.