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Malaysian government seeks additional 411 million USD in taxes from Najib

by VTV406 July 2019 Last updated at 00:00 AM

VTV.vn - The Malaysian Government is seeking nearly 1.7 billion Malaysian ringgit (411 million USD) in additional tax assessments from 2011 to 2017 from former Prime Minister Najib Razak.

The Malaysian Government, through the Inland Revenue Board, has filed a lawsuit against Najib as the sole defendant at the High Court registry on June 25. According to the notice, Najib must pay a total of 1.47 billion ringgit for the seven years within 30 days of the date of the assessment notice. However, Najib's failure to pay on schedule has resulted in a 10 percent increase, which is in accordance with the Income Tax Act 1967. The High Court of Kuala Lumpur has set July 8 as the date of completion for Najib's case.

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