High Court grants Petronas interim stay against IRB for RM105m tax claim

August 3, 2020

The Edge Markets

KUALA LUMPUR (July 3): The High Court has granted Petroliam Nasional Bhd (Petronas) an interim stay against the Inland Revenue Board (IRB) from enforcing its additional tax assessment of RM105 million on the national oil company.

Justice Datuk Ahmad Kamal Shahid granted the interim stay as Shell Oil & Gas (M) LLC/PCSB/JX Nippon Oil & Gas Exploration (Sarawak) Ltd and Petronas Carigali Sdn Bhd filed a judicial review seeking leave to challenge the additional tax assessment.

However, the leave application was opposed by the IRB and the Attorney-General’s Chambers (AGC) which indicated they would file an affidavit opposing the application.

IRB was represented by Ashrina Ramzan and revenue counsel Kwan Huey Shin, while Federal Counsel Adiba Iman Md Hassan appeared for the AGC.

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