RM1.5bil tax bill for Najib, sources say

  • Nation
  • Monday, 1 Apr 2019

PETALING JAYA: Datuk Seri Najib Razak has been slapped with an extra tax bill of RM1.5bil by the Inland Revenue Board (IRB), reported The Edge.

The financial daily reported that IRB had sent a letter to the former prime minister about a week ago, stating the extra tax he had to pay for the years 2011 to 2017.

Quoting sources, the report said the amount is on top of what Najib had already paid based on his declared income for the seven years.

Based on IRB’s assessment, Najib had not declared taxable income of close to RM4 billion during that period and this included the RM2.6bil “donation” that he purportedly received from the Saudi Arabian government.

Najib’s trial involving RM42mil in the SRC International Sdn Bhd funds is scheduled to start on Wednesday (April 3).

Najib is facing seven charges involving RM42mil in funds belonging to SRC International Sdn Bhd.

On July 4 last year, the 66-year-old Pekan MP claimed trial to a charge of abuse of power and three counts of criminal breach of trust (CBT) linked to the 1Malaysia Development Berhad (1MDB) scandal.

He allegedly misappropriated RM42mil in funds belonging to SRC International Sdn Bhd, a unit of 1MDB.

On Aug 8, he appeared in court again for the second time and was charged with three counts of money laundering involving the same RM42mil.

The seven charges are slated to be the first set of charges to be tried in court out of the 42 charges levelled against him.

Najib Razak , IRB Tax