MAXIS SLAPPED WITH RM140 MILLION TAX BILL BY LHDN

Maxis’ wholly-owned subsidiary Maxis Broadband Sdn Bhd (MBSB) has been served with a RM140 million tax bill by the Inland Revenue Board (LHDN). This is due to notices of additional assessment with penalties for the assessment year of 2016 and 2017. It is said that the additional assessment were raised mainly due to the disallowance of the company’s deduction of interest expenses incurred du...