Wednesday, June 23, 2021

Najib’s son agrees to settle additional tax arrears with LHDN

LHDN had demanded that Mohamad Nizar pay RM13.16 million in tax arrears for the assessment years 2011 to 2017.

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Mohamad Nizar, the son of former prime minister Najib Razak, has agreed to settle the additional tax arrears owed to the Inland Revenue Board (LHDN), which had demanded that he pay RM13.16 million in tax arrears for the assessment years 2011 to 2017.

His lawyer Wee Yeong Kang said Nizar had reached a negotiated agreement with LHDN to resolve the matter.

“The consent order should have been recorded before the Special Commissioner of Income Tax on May 27 but was rescheduled to Aug 4 following the movement control order,” he said when contacted after case management on Nizar’s appeal before Court of Appeal deputy registrar Mariam Hasanah Othman today.

The proceeding, which was held virtually, was also attended by lawyer Muhammad Nabil Abdul Halim who acted on behalf of LHDN.

The government through LHDN had, on July 24, 2019, filed a writ of summons against Nizar, claiming that he owed RM13,159,821.94 in taxes from 2011 to 2017.

On Aug 11 last year, Nizar filed an appeal against the Shah Alam High Court’s decision allowing LHDN’s application to seek a summary judgment against him.

Najib and his other son, Mohd Nazifuddin, have also been ordered to pay RM1.69 billion and RM37.6 million in tax arrears, respectively.

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