Petronas to drop appeal, settle tax dispute with Sarawak out of court

PUTRAJAYA: The Sarawak government and Petronas will settle their dispute over a RM2bil state sales tax (SST) out of court, with the latter expected to withdraw its appeal at the Court of Appeal.

In a proceeding at the appellate court on Tuesday (June 23), lawyer Datuk Malik Imtiaz Sarwar, representing the national oil and gas giant, informed a three-man bench that Petronas was applying for a postponement based on a letter that was addressed to the court on Monday.