Gov't explains why IRB allowed Ku Nan to settle tax arrears suit for RM40m

Gov't explains why IRB allowed Ku Nan to settle tax arrears suit for RM40m - Hello loyal readers FeedGoogle, In the article you are reading this time with the title Gov't explains why IRB allowed Ku Nan to settle tax arrears suit for RM40m, We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

The government has offered a general explanation as to why former federal territories minister Tengku Adnan Tengku Mansor could settle his tax arrears suit with the Inland Revenue Board (IRB) by paying RM40.3 million, nearly RM17 million less than initially sought by the Income Tax Department.Finance Minister Tengku Zafrul Abdul Aziz said the IRB can impose an additional tax on any taxpayer after it conducted a tax audit or investigation.The taxpayer can appeal to the Special Commissioners of Income Tax (PKCP) if they are not satisfied over the additional tax."However, before a case is presented to the PKCP, the taxpayer must be given an opportunity to submit additional evidence to the IRB for the purpose of reviewing the disputed tax," the minister told DAP Labis MP Pang Hok Liong in a recent parliamentary reply."A tax reduction will be given after IRB scrutini…