LHDN sues Jho Low ally for RM68mil in taxes


KUALA LUMPUR: The Inland Revenue Board of Malaysia (LHDN) has filed a suit against Eric Tan Kim Loong (pic), who is alleged to be an ally of fugitive businessman Low Taek Jho or Jho Low, demanding that Tan pay income tax totalling RM68mil.

The Malaysian government as the plaintiff filed the writ of summons via IRB on Jan 15 at the High Court here and named Tan, 43, as the defendant, over income tax arrears for the years of assessment from 2010 to 2013.

According to the court’s case list, the case came up for e-Review before High Court deputy registrar Farah Shuhada Ramli yesterday and case management has been set for March 16.

In the statement of claim, the government said that for the years of assessment 2010,2011,2012 and 2013, the defendant was due to pay income tax of RM2,706,803.84, RM22,090,949.92, RM35,479,911.48 and RM1,538,473.04 based on the notice of assessment for the said years, dated Sept 30,2020.

It stated that notices of assessment were sent by registered post to the defendant on Nov 24,2020 to his last known address in Taman Pusat Kepong here.

The plaintiff further stated that a credit surplus of RM782.02 due to the defendant was utilised and deducted as part payment of income tax for the year of assessment 2010, leaving an outstanding balance of RM2,706,021.82 for that tax assessment year.

“As the defendant failed to pay income tax of RM2,706,021.82, RM22,090,949.92, RM35,479,911.48 and RM1,538,473.04 within 30 days of the delivery of the said notices of assessment to him (the defendant), as provided for under Section 103 of the Income Tax Act 1967, an increase in tax of 10% respectively amounting to RM270,602.18, RM2,209,094.99, RM3,547,991.14 and RM153,847.30 was imposed and added to the overall income tax for the years of assessment 2010 until 2013 that still remain unpaid, ” the government said in its statement of claim.

It claimed that to date, the defendant had yet to pay to the plaintiff the amounts and penalties due, which come up to RM67,996,891.87.

As such, it is demanding that

the defendant pay RM67,996,891.87,5% interest from the date of judgment until the realisation date, costs and other relief deemed fit by the court.

Prior to this, the media had reported that Tan is a close ally of Jho Low and was also allegedly involved in billions of ringgit in transactions related to the 1MDB scandal. — Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

LHDN , Jho Low , Eric Tan , Income Tax Arrears , Lawsuit

   

Next In Nation

Momentum builds on vaccine rollout
‘Onus on bosses to register workers’
Muhyiddin performs tarawih prayers with Batu Caves residents
Mcd S'pore to connect M'sian families via 'My Happy Table'
MGC appreciates RM4mil allocation for Sikh community
Cop killed after motorcycle skidded, crashed at Penang Bridge
Hishammuddin: Rohingya issue should be dealt properly to avoid further influx of refugees
Covid-19: SJK(C) Yuk Chai among 19 schools ordered to close in Petaling district
Agong congratulates two M'sian students for excelling in ACCA
Sabah's first sugar factory, aquaculture project to create 1,000 direct job opportunities

Stories You'll Enjoy


Vouchers