RM2.4 billion collected so far: "Action if Petroleum tax not paid"

20 Jul 2022 • 9:45 AM MYT
Daily Express
Daily Express

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Kota Kinabalu: The State Government will terminate the work permits for the operation of oil and gas companies that fail to pay their State Sales Tax (SST) on petroleum products owed to the State Government.

State Finance Minister II Datuk Seri Masidi Manjun said the termination would take effect Oct. 1 if they still fail to do so.

It would apply to Hibiscus Petroleum Bhd’s wholly-owned subsidiaries namely, SEA Hibiscus Sdn Bhd (SEAH) and Repsol Oil and Gas Ltd (Repsol), which previously refused to pay the SST.