Finance Ministry to lodge police report over Yayasan Albukhary allegations

PETALING JAYA: The Finance Ministry will lodge a police report on false allegations made against the ministry’s officials regarding Yayasan AlBukhary’s tax exemption status.

MOF said there had been claims on social media alleging that former finance minister Lim Guan Eng had cancelled the tax exemption status for Yayasan Albukhary and the letter of cancellation was signed by a ministry official.

It said Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim have also provided an explanation on the matter in the Dewan Rakyat on March 21.

“The ministry has not cancelled the tax exemption approval given to Yayasan Albukhary whether through its former finance minister and/or officials,” it said in a statement on Thursday (March 23).

“The ministry views these allegations seriously and a police report will be lodged against this false claim,” it added.

It added that Yayasan Albukhary was set up as a non-profit organisation and its status has been approved under sub-section

44(6) of the Income Tax Act-which stipulates that any organisation or institution approved under the section will automatically be granted tax exemption on its income except for dividend income.

On March 22, Lim lodged a police report against Bersatu President Tan Sri Muhyiddin Yassin for alleging that the DAP chief had cancelled the approval for tax exemption given to Yayasan AlBukhary when he was Finance Minister.

Anwar had also told the Dewan Rakyat on March 21 that the allegations were untrue, as the tax exemption approval was only given on Feb 25,2021.

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