The Inland Revenue Board (LHDN) has uncovered tax non-compliance by a company suspected of being involved in a luxury vehicle cartel network, including failing to declare actual income from sales transactions amounting to approximately RM70 million, Bernama reports.
LHDN said in a statement today that it conducted an enforcement operation against the company yesterday, involving several Klang Valley locations including its business premises, the company director’s residence and an auditing firm.
“Through this operation, searches were conducted to obtain documents and evidence related to tax non-compliance. Initial investigations revealed that the company failed to report actual income from sales transactions amounting to RM70 million,” it said.
The case is now being investigated under subsection 112(1A) of the Income Tax Act (ITA) 1967, involving the company, and paragraph 113(1)(a) of the ITA 1967, involving the company’s directors.
“(This operation) is in line with the government’s efforts to combat cartels and smuggling syndicates, which have been entrenched for decades to the detriment of national revenue. This step demonstrates LHDN’s continued commitment to ensuring that every party complies with tax regulations, and to curbing leakages in national revenue.
“Therefore, LHDN remains firm in upholding the integrity of the country’s tax system, and will not compromise with any attempt to evade taxes. It will ensure that all parties fulfil their tax obligations, for the well-being of the nation and its people,” it said.
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Cartel more like AP cronies striking jackpot after getting free APs to sell car given to specific free individual then no need declare actual income somemore so nice being special indeed.
T1 dont pay excise import duty for their cars, so can B99 follow this same example? no need renew insurance roadtax
KL JPJ inspected 241 luxury vehicles – vehicles with an expired or no road tax (177 cases), no valid vehicle insurance (160 cases).
How special elites being protected and then nevermind la pay fine only can drive for a few more years hopefully depending on which friend to make.
LHDN enforcement also join in latest activity by enforcement agencies. Great, time for our enforcement agency regain their respect from rakyat. Cheating, be prepared to face them
so why didnt see lhdn dare to raid TNB over the 3 billion ringgit unpaid tax bill
Yes. More frequent enforcements please. The cheaters still think it is easy to hide from LHDN n others enforcers. After 15 raids they will not think like that anymore.
Must be some PEKEMA members . Who else can get so many AP?