KDSB did not pay tax for last 13 years ?

Posted on June 30, 2010

0


Internal Revenue Board : KDSB owe back taxes amounting to RM 328 million – now PKA has to settle it !!

Faizal Abdullah, the new CEO of Port Klang Free Zone (PKFZ) turnkey contractor Kuala Dimensi Sdn Bhd (KDSB), today denied that the company has outstanding taxes of RM328.4 million, says IRB is “GILA”

WHO is telling the truth ???
Or the matter is not so simple as it seems

Source : http://www.malaysiakini.com/news/135977
Excerpts :

Tony Pua questioned how KDSB has been able to owe corporate taxes for 13 years and still remain in business, as well as obtain government contracts.
“The amount is not small. Why are they still allowed to continue their business for 13 years without having to pay the tax that was due?”
Pua referred to The Edge Financial Daily which states that KDSB owed taxes to the IRB for the period 1997-1998.
“We know that the IRB is very efficient in ensuring that every company pays taxes. Why were they (KDSB) allowed to continue for 13 years without paying taxes?”

Last Wednesday, the IRB directed PKA to stop payment to KDSB and instead remit RM328.4 million allegedly owed by KDSB to the IRB in backdated taxes.

Certain BN luminaries untouchable?
The DAP national publicity secretary also questioned whether IRB had allowed the tax to remain uncollected all these years because KDSB is owned by BN parliamentarian Tiong King Sing, who is also Backbenchers Club chairperson.
“Does that mean a prominent member of BN is allowed to get away from paying taxes for so long before IRB finally says that they are going to collect through PKA?” he asked.


http://www.malaysiakini.com/news/135941
KDSB’s new CEO denies outstanding taxes

Excerpts :
Faizal Abdullah, the new CEO of Port Klang Free Zone (PKFZ) turnkey contractor Kuala Dimensi Sdn Bhd (KDSB), today denied that the company has outstanding taxes of RM328.4 million.
Faizal, who has just assumed the post from Tiong King Sing, described the Inland Revenue Board’s (IRB) allegations as “gila” (crazy).
“Go to court. If they want to sue us, come to the court lah! But we will tell the truth to the judge.”

However, in a circular last week, IRB has ordered PKA to stop payments to PKFZ bondholders and instead remit RM328.4 million, allegedly owed by KDSB in outstanding taxes.