LHDN slaps Maxis Broad- band with RM140m tax bill
Published on: Tuesday, November 24, 2020
By: FMT
.jpg "LHDN slaps Maxis Broad- band with RM140m tax bill")
Maxis Broadband has been served with notice of an additional RM140 million in taxes. (AP pic)
Kuala Lumpur: Maxis Bhd’s telecommunications subsidiary Maxis Broadband Sdn Bhd has reportedly been slapped with a RM140 million tax bill by the Inland Revenue Board (LHDN).According to the Malaysian Reserve, the company was served with notices of additional assessment for the year 2016 and 2017.
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The company was quoted as saying that the additional assessment arose from the disallowance of Maxis Broadband’s deduction of interest expenses incurred during the two years of assessment.
However, Maxis said it would challenge the basis and validity of the disputed notices of additional assessment and the penalty imposed.Stay up-to-date by following Daily Express’s Telegram channel.
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