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Former Prime Minister Datuk Seri Najib Razak has yet to pay nearly RM1.7 billion in unpaid taxes.
(New Standard Time) – The Ministry of Finance said the matter has not been finally resolved and the Internal Revenue Board (IRB) has taken appropriate action.
“The proceedings are still ongoing and the next hearing is scheduled for July 29, 2024 at the Bankruptcy High Court in Kuala Lumpur,” the ministry said in a written parliamentary reply to Pakatan Harapan Jelutong MP RSN Rayer.
Rayer had asked the finance minister to clarify whether Najib had cleared the RM1.7 billion income tax arrears owed to the Inland Revenue Board.
On October 16, 2023, the Federal Court ruled Najib must settle down Mahathir faces RM1.69 billion in unpaid taxes after the High Court dismissed his appeal to overturn the conviction against him.
The government filed the case against Najib through the Inland Revenue Board on June 25, 2019, seeking payment of the unpaid tax and interest at 5% per annum from the date of judgment, as well as such other costs and other relief as the court deems fit.
In July 2020, the High Court granted the Inland Revenue Board’s application for summary judgment against Najib, requiring him to recover RM1.69 billion in taxes paid between 2011 and 217.
Najib was ordered to pay the amount.
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