2 O&G firms yet to pay Sabah RM97mil in SST

Dateline 2022-08-18, FMT:

Two oil and gas firms have yet to pay the RM97 million in state sales and service tax (SST) on petroleum products owed to Sabah, says the state’s second finance minister Masidi Manjun.

According to The Borneo Post, the two firms are Repsol Oil and Gas Ltd and SEA Hibiscus Sdn Bhd. Masidi reportedly said there was no problem with the other oil and gas companies operating in Sabah as they had been paying the SST on time.

He added that Sabah would be able to rake in RM1.2 billion annually if all of the firms had paid the SST on time.

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