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MK Land unit slapped with tax demands of RM80.77m

Mimi Sabreena 10:03:00 PM Informasi

KUALA LUMPUR (May 22): MK Land Holdings Bhd's wholly-owned subsidiary Saujana Triangle Sdn Bhd has been slapped with additional income taxes and penalty amounting to RM80.77 million by the Inland Revenue Board (IRB).

In a filing with Bursa Malaysia today, MK Land said Saujana Triangle was served with notices of assessment seeking additional income taxes of RM55.7 million for the assessment years from 2009 to 2011, and a 45% penalty of RM25.07 million for the year of assessment 2013.

The notices of assessment were dated May 4, 2017.

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