Najib to pay RM1.69b in income tax back to Government

KUALA LUMPUR: The Malaysian government has filed a lawsuit against former prime minister Datuk Seri Najib Abdul Razak, seeking RM1.69 billion in income tax which he still owes the Inland Revenue Board (IRB) for the assessment years 2011 to 2017.

The government is seeking Najib to pay RM1,692,872,924.83, interest at 5.0% a year from the date of judgment, as well as cost and other relief deemed fit by the court.

The suit, filed through IRB last June 25, named Najib as the sole defendant.

As stated through a notice of additional assessments dated March 20, 2019 from the government, the additional tax assessments on Najib’s income for the assessment years 2011, 2012, 2013, 2014, 2015, 2016 and 2017 were RM116,173,374.12; RM320,929,932.31; RM891,573,465.46; RM119,144,655.51; RM16,879,500.03; RM643,445.21 and RM346,471.41.

It said that since Najib failed to pay the taxes within the stipulated 30-day period as required under Section 103 of the Income Tax Act 1967, the amount was increased by 10%, amounting RM11,617,337.41; RM32,092,993.23; RM89,157,346.54; RM11,914,465.55; RM1,687,950.00; RM64,344.52 and RM34,647.14 for the assessment years from 2011 to 2017, respectively.

Najib was given 60 days to pay the taxes, together with the 10% increase, but Najib still failed to do so.

Following which, Najib was slapped with another 5.0% increase on the 10% hike, amounting RM6,389,535.57; RM17,651,146.27; RM49,036,540.60; RM6,552,956.05; RM928,372.50; RM35,389.48 and RM19,055.92 for the stipulated assessment years, bringing the total amount of income tax due to RM1,692,872,924.83, it said.

The matter has been fixed for case management on July 8 before High Court deputy registrar Erry Shahriman Nor Aripin.

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