MyEG hit with RM353.13mil additional income tax assessment by LHDN, civil suit by government
KUALA LUMPUR: Zetrix AI Bhd's wholly owned subsidiary, My EG Sdn Bhd, received an additional income tax assessment from the Inland Revenue Board (LHDN) totalling RM353.13 million on Wednesday.
Zetrix AI Bhd's wholly-owned subsidiary, MyEG Sdn Bhd, received an additional RM353.13 million income tax assessment from the Inland Revenue Board (LHDN) on Wednesday. This assessment pertains to transfer pricing of RM333.10 million and deemed interest of RM20.02 million for the years 2021, 2022, and 2023, including penalties. LHDN has also initiated a civil suit against MyEG regarding this matter.
MyEG believes in its case and will defend it through legal channels if necessary. Simultaneously, MyEG has filed an appeal to challenge the additional income tax assessments before the Special Commissioners of Income Tax, and is attempting to resolve the issue amicably with LHDN. Zetrix AI has not received any official notification about a reported government lawsuit for RM314 million in arrears, and will provide updates on significant developments as required.
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