Sarawak’s former second finance minister urges state govt to disclose deal with Petronas over sales tax | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 86%

Business News News

Business Business Latest News,Business Business Headlines

Sarawak’s former second finance minister urges state govt to disclose deal with Petronas over sales tax

Datuk Seri Wong Soon Koh today urged the state government to give full and transparent disclosure of the settlement terms with Petronas on the state sales tax. — Picture by Sulok Tawie

He asked if the settlement included recognition that the Petroleum Development Act 1974 and the Territorial Seas Act 2012 are now valid and applicable to Sarawak, notwithstanding the fact that they were never passed in the State Legislative Assembly. Wong, who is also Parti Sarawak Bersatu president, was responding to reports earlier today that Petronas is withdrawing its appeal in the Court of Appeal against the Kuching High Court’s ruling that Sarawak is entitled to collect sales tax on petroleum products.

A three-man bench of the Court of Appeal comprising justices Datuk Abdul Karim Abdul Jalil, Datuk Hadhariah Syed Ismail and Datuk Mohd Sofian Abd Razak struck out the appeal and cross-appeal and ordered each party to bear their own costs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines