Taxman seeks RM1.7 billion from Najib, says report

Updated 6 years ago · Published on 4 Jul 2019 12:24PM · 5 Comments

Former prime minister Najib Razak is reported to be owing the Inland Revenue Board RM1.69 billion in additional tax assessments. – The Malaysian Insight file pic, July 4, 2019.

FORMER prime minister Najib Razak owes the Inland Revenue Board (IRB) RM1.69 billion in additional tax assessments, The Edge reports today.

Quoting court documents sighted by the business news portal, the report said the figure was the sum of taxes owed in 2011-2017 and penalties for late payment.

Najib is reported to have failed to respond to the IRB’s inquiries, thereby incurring hikes in the taxes owed.

He incurred a 10% increase on the sum of of RM1.47 billion owed due to failure to pay up within 30 days of the date the initial assessment notice was received, and he incurred a further 5% compound on the renewed sum within 60 days of the notice.

The writ of summons dated June 25, 2019 follows the first assessment notice dated March 20, 2019.

“The additional assessment notice was sent via registered postage to the defendant on March 25, 2019 to his last known address by the plaintiff at the time. 

“The additional assessment notice was never returned to the plaintiff,” the writ stated. 

“The plaintiff has the right to recoup the income tax that is still owed, as with the increases imposed on the defendant as a tax which is due to be paid,” said the writ.

Interest at 5% per annum is chargeable on the RM1.69 billion claim from the date of judgement until the sum is fully paid up. – July 4, 2019.


 

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Comments

  • How the tides have turned!!! I hope the taxman buries this thief in a mountain of debt. The way that Najib, desperate to get billions to cover his 1MDB theft, screwed every professional and businessman in the country two years ago by ordering the IRB to ruthlessly audit and re-audit them, will not be forgotten. Let him now enter the snake pit of his own creation.

    Posted 6 years ago by Simple Sulaiman · Reply

  • Really amazing. Where and how did Najib own so much of money and now all due for taxation. As a PM and adun for his constituency his salary can't even reach up to 500k a year. He really needs to be thoroughly investigated and fully charged for all the corruptions or he better get himself be history in this world.

    Posted 6 years ago by Lee Lee · Reply

  • Good...get him to pay or jail him.

    Posted 6 years ago by Lipdah Lia · Reply

  • Yes najib u suck our blood. Our hard earn money u rob thru high tax payment. Now it is your turn to PAY. WHAT U SOW SO SHALL U REAP.

    Posted 6 years ago by Mindy Singh · Reply

  • You can effort the legal fees in the millions, why can'y you pay your taxes like us the majority citizen of Malaysian ha?? Surely as former FM of this country you ought to show a good example to the rest of the RAKYAT bossku and where are the dumno members in this case, why hasn't you people start a collection effort to pay for his taxes, he is after all your supreme leader who made no sin right?? Where is the team spirit and comradeship since you people practices you scratch my back and I scratch yours. Anyway I hope IRB you ought to do your part to do what is necessary including declaring this Najib Razak a bankrupt person.

    Posted 6 years ago by Teruna Kelana · Reply