TNB gets interim stay of RM4b tax bill

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KUALA LUMPUR (Dec 12): Utility giant Tenaga Nasional Bhd (TNB) has been granted an interim stay of notices of additional assessment by the Inland Revenue Board (IRB).

In a bourse filing today, TNB said the notices were for the years of assessment 2015, 2016 and 2017.

On Nov 28, TNB said it had been slapped with a RM3.98 billion additional tax assessment by the IRB.

TNB on Dec 2 said it had commenced legal proceedings to challenge the notices for the years of assessment 2015 to 2017 raised by the IRB.

It said the High Court today has granted an interim stay of all further proceedings including the enforcement of the notices until the hearing of the leave application on April 2, 2020.

At the midday break, TNB shares gained 0.46% or 6 sen to RM13.14, valuing it at RM74.73 billion.

See also: TNB faces RM4b tax bill deja vu