Malaysia’s Petronas to pay Sabah state $303 million in sales tax next year


Dateline 2020-11-08, Reuters:

Malaysian state-owned energy giant Petronas is expected to pay the resource-rich state of Sabah 1.25 billion ringgit ($303 million) in sales tax next year, state media said.

Sabah Deputy Chief Minister Jeffrey Kitingan said Prime Minister Muhyiddin Yassin had agreed for the state to collect the 5% tax from Petronas next year, Bernama news agency said late on Saturday.

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This entry was posted on Monday, November 30th, 2020 at 6:31 am and is filed under Malaysia, Malaysian election. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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