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LHDN Ordered To Refund RM286 Million In Taxes To A Penang Company

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The Court of Appeal also ordered LHDN to pay RM20,000 in costs to the company.

news LHDN Ordered To Refund RM286 Million In Taxes To A Penang Company Cover image via Delaine Tam & Kosmo Follow us on Instagram, TikTok, and WhatsApp for the latest stories and breaking news.

The Court of Appeal found that the Special Commissioners of Income Tax in March 2020 and a High Court decision in May 2021 had erred in upholding the tax assessment issued by LHDN. Justice Collin Lawrence Sequerah, in delivering the unanimous decision of a three-member bench, agreed with the company that the proceeds from the sale of IP rights were not income in nature, and not taxable.

Meanwhile, Wong & Partners, which acted for Keysight Technologies, hailed the ruling as a significant legal victory against LHDN Read the full story SPM 2023 Results Are Out: A Total Of 11,713 Candidates Scored Straight A's In comparison, 10,109 candidates scored straight A's in 2022.

 

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