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TNB hit with RM609mil tax bill, reviewing legal options

TNB hit with RM609mil tax bill, reviewing legal options

The Star4 days ago
KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has received a notice of additional assessment from the Inland Revenue Board amounting to RM609.03mil for the year of assessment (YA) 2023.
In a filing with Bursa Malaysia, TNB said it is currently evaluating its available legal options to address the assessment, in light of the Federal Court's earlier decision involving a similar notice for YA 2018.
'This evaluation takes into consideration that TNB has already submitted an application for Investment Allowance under Schedule 7B of the Income Tax Act 1967 (including those for YA 2023) to the Minister of Finance,' TNB said.
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