DAP chairman Lim Guan Eng has told Perikatan Nasional leader Muhyiddin Yassin to openly apologise over his remarks regarding the revocation of Albukhary Foundation’s tax exemption.

Lim also told Muhyiddin to retract his statement immediately, providing the former prime minister till today to do so.

Lim said legal action would be taken against Muhyiddin if the latter does not comply with the demand.

“I hope he retracts his statement and apologises to resolve this issue. If not, I will take further action,” he said during a media conference at the parliament building in Kuala Lumpur today.

During the Ministers’ Question Time at the Dewan Rakyat today, Prime Minister Anwar Ibrahim confirmed that Lim, as then finance minister, did not revoke the tax exemption given to Albukhary Foundation as claimed.

Anwar said the allegation is untrue, and that Albukhary Foundation’s tax exemption was only granted on February 25, 2021. 

The prime minister said under subsection 44(6) of the Income Tax Act 1967, tax exemptions are not under the jurisdiction of ministers or prime ministers, but under the sole authority of the Inland Revenue Board director-general. – Bernama, March 21, 2023.