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THE recent action by the Inland Revenue Board (IRB) to squeeze more money out of SP Setia Bhd is all the more reason why companies and individuals have to be more careful with their books.
Tax returns: A file picture showing people submitting their tax forms at the Inland Revenue Board office in Penang. Companies in Malaysia are increasingly becoming fearful of the taxman.
PETALING JAYA: The Inland Revenue Board (IRB) has seized Country Heights Holdings Bhd’s (CHHB) executive chairman and major shareholder Tan Sri Lee Kim Yew’s fixed deposits placed with a foreign-owned bank amounting to RM126mil.
MarketWrap: Wall Street closed slightly lower on Thursday as bank shares declined in quiet holiday trading as traders looked to position for the new year. - Reuters The DJIA fell 13.14 points, or 0.07%, to 19,820.54, the S&P 500 lost 0.56 points, or 0.02%, to 2,249.36 and the Nasdaq dropped 6.47 points, or 0.12%, to 5,432.09. Forex summary *The ringgit gained 0.02% to 4.4843 per US$ *It was 1.04% lower at 4.
PETALING JAYA: Country Heights Holdings Bhd’s (CHHB) unit, Country Heights Sdn Bhd, which was ordered by the Shah Alam High Court to pay the Government tax arrears amounting to RM22.49mil, is appealing to the Finance Minister against the decision.
Tags / Keywords: Corporate News , Taxation , Country Heights Holdings Bhd , Inland Revenue Board
KUALA LUMPUR (Nov 28): The FBM KLCI is expected to trade higher today, in line with the firmer close at Wall Street and European markets last Friday, and move above the 1,630 level.
KUALA LUMPUR (Nov 25): Based on corporate announcements and news flow today, companies that may be in focus on Monday (Nov 28) could include the following: Sime Darby, TM, Ikhmas Jaya, Titijaya, Tune Protect, Country Heights, Chin Hin, Padini, Mega First and Kerjaya Prospek.