2021-04-07

Former Prime Minister of Malaysia receives bankruptcy notice, accused of defaulting 1.7 billion ringgit in taxes

By yqqlm yqqlm

China News Service, April 7th, according to Singapore’s Lianhe Zaobao.com, on the 6th local time, former Malaysian Prime Minister Najib said that a representative of the Inland Revenue Department went to his private residence on the afternoon of the 5th and issued a bankruptcy notice to him. book. This is the action taken by the Revenue Department in response to Najib’s tax debt of nearly 1.7 billion ringgit in arrears between 2011 and 2017.

Former Prime Minister of Malaysia receives bankruptcy notice, accused of defaulting 1.7 billion ringgit in taxes

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p >According to Malaysia Sin Chew.com, the Malaysian government filed a court filing in June 2019 to recover income tax from Najib from 2011 to 2017. Najib’s two sons were also pursued by the Inland Revenue Department for tax debts.

However, Najib believes that the case of arrears of income tax was a case imposed on him by the government under “unfounded” circumstances, and the fine was “unreasonable”.

Najib explained that this tax came mainly from the 3 billion ringgit in the account he used to receive donations, and part of the funds had been returned to the relevant parties. He also said that the tax bureau had previously issued a statement stating that political contributions are not taxable, and that the funds in the special account have been used for corporate social responsibility and political purposes, rather than personal purposes.