The issue came to light when Tenaga Nasional Bhd (TNB), the dominant electricity player in the country was hit with an additional RM2.1bil tax assessment bill in November 2015. Since then, several other listed companies also disclosed that they have been asked to settle additional taxes by the IRB.
PETALING JAYA: Companies that have been slapped with additional taxes by the Inland Revenue Board (IRB) may not be as badly impacted as initially envisaged.
According to sources, most of the companies have been negotiating with the IRB and are close to settling the issue and they do not have to pay the high taxes as demanded by the board.
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