KOTA KINABALU – The Sabah government is giving palm oil players in the state another chance to reassess their crude palm oil sales tax declarations as well as pay for previously unreported taxes.
Sabah Finance Minister II Datuk Seri Masidi Manjun said this is to stop the falsification of sales tax declarations by palm oil companies submitted to the state Finance Ministry.
Masidi also noted the arrest of individuals by the Malaysian Anti-Corruption Commission (MACC) for their alleged involvement in falsifying palm oil companies’ crude palm oil sales tax declarations.
Masidi said this in a statement today after attending a talk conducted by the MACC on the issue.
He said the Sabah government is improving the processes involved in the enforcement and collection of taxes and will be amending certain laws and rules if necessary to ensure such crimes are stopped.
An online integrated system will be created by the Sabah Finance Ministry and the Malaysian Palm Oil Board (MPOB) for the purpose.
“A task force unit will be formed involving the Sabah Finance Ministry, MPOB, and MACC to recollect the taxes for sales that have not been declared to the ministry.
“The ministry has agreed to provide a moratorium period for tax repayment for the companies involved. Companies can apply for reassessment if they had made inaccurate declarations (before), and can pay the actual amount of tax after the assessment is done by the ministry,” he said.
Masidi said the Sabah government will continue to support and provide full cooperation to the MACC in the effort to stop corruption in Sabah.
Also present at the talk were the ministry’s permanent secretary Mohd Sofian Alfian Nair and Sabah MACC director Datuk Karunanithy Subbiah. – The Vibes, July 1, 2022
