Highlights

save malaysia!

Author: savemalaysia   |   Latest post: Wed, 28 Oct 2020, 7:35 PM

 

Sarawak DCM to Petronas: Don’t question sales tax on export of petroleum products

Author:   |    Publish date:


KUCHING, Nov 12 — Sarawak Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan today slammed Petroliam Nasional Berhad (Petronas) for failing to obey the state sales tax, but willingly complying with Canada and Brazil laws where they have operations.

“Why is it that when it comes to their operations in Sarawak, they refuse to comply with state Sales Tax Ordinance?” he asked in his winding up speech in the Sarawak State Legislative Assembly here.

Awang Tengah said it is public knowledge that Petronas has extracted hundreds of billions of ringgits’ worth of the petro-carbon resources from Sarawak territory.

“What we received in return is a mere 5 percent in the form of royalty payment

“It cannot deny that its success is built upon the oil and gas resources from Sarawak and Sabah, especially during its formative years.

“Petronas is indebted to Sarawak and Sabah and should be willing to pay the sales tax to the Sarawak government instead of giving excuses,” he said.

He also found it strange that a Malaysian government-linked company has chosen to ignore the state law while foreign petroleum companies operating in Sarawak, such as Shell, Murphy and PT Pertamina have all complied.

He said Petronas’ refusal to comply is tantamount to challenging the rights of Sarawak as enshrined under the Federal and State Constitutions.

He told Petronas not to question the imposition of the sales tax on its export of petroleum products in Sarawak.

He said the state has begun imposing sales tax levies on crude palm oil, crude palm kernel oil and lottery tickets since 1998 after the passage of the State Sales Tax Ordinance, in exercise of the powers conferred by Article 95B(3) of the Federal Constitution.

“As such, there is nothing new on the imposition of the Sales Tax on goods identified by Sarawak Government,” he said adding that every responsible corporate citizen operating in Sarawak must comply with the state laws, including the tax laws.

 
https://www.malaymail.com/news/malaysia/2019/11/12/sarawak-dcm-to-petronas-dont-question-sales-tax-on-export-of-petroleum-prod/1809251
Share this

  Be the first to like this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View Trading Signals and run Live Backtest
MQ Affiliate
Earn rewards with MQ Affiliate Program
 
 

292  614  562  681 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 AT 0.095+0.005 
 JAKS-OR 0.260.00 
 LCTITAN 2.13-0.27 
 SUPERMX-C1I 0.145-0.01 
 LUSTER 0.165-0.005 
 MAHSING 0.96-0.04 
 HWGB 0.78+0.065 
 DGSB 0.225+0.01 
 DATAPRP 0.195-0.025 
 KSTAR 0.43+0.06 

FEATURED POSTS

1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
PARTNERS & BROKERS