KUALA LUMPUR, Aug 20 — Tenaga Nasional Bhd (TNB) said it will appeal against the additional assessment notices from the Inland Revenue Board (LHDN) amounting to RM685.82 million and RM705.24 million for assessment years 2020 and 2021, respectively.
In a Bursa Malaysia filing, the utility company said the notices received on Monday were similar to notices it has received in the past years, which are presently pending in court, and it has obtained an interim stay order against the payment of the disputed taxes.
“Based on the legal advice obtained from our tax solicitors, TNB is of the view that it has a good basis in law to contend that the assessments were erroneously raised by the IRB.
“Accordingly, and as before, TNB will be appealing against the notices at the soonest,” it said.
— Bernama
