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Range International Wins Tax Appeal in Indonesia

Story Highlights
  • Range International’s subsidiary won its appeal against 2018 Indonesian tax assessments.
  • The favorable judgment reduces tax payable to nil, providing certainty for stakeholders.
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Range International Wins Tax Appeal in Indonesia

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An announcement from Range International Limited ( (AU:RAN) ) is now available.

Range International Limited’s subsidiary, PT Repal Internasional Indonesia, has successfully appealed against the 2018 Indonesian tax assessments, resulting in a reduction of the tax payable to nil. This favorable judgment provides certainty for the company and its stakeholders, allowing them to focus on business objectives, while the company and its advisors assess the financial impact of the decision.

More about Range International Limited

Range International Limited is a manufacturer specializing in plastic pallets, utilizing its ThermoFusion™ technology to produce ‘zero waste’, 100% upcycled plastic pallets. The company operates production lines in East Java, Indonesia, and markets its pallets under the Re>Pal™ brand, supplying to Indonesia and the Asia Pacific region.

Technical Sentiment Signal: Sell

Current Market Cap: A$939.3K

See more data about RAN stock on TipRanks’ Stock Analysis page.

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