Kota Kinabalu: The controversial State Sales Tax (SST) arrears owed by two oil and gas companies, Repsol Oil and Gas Ltd and Sea Hibiscus Sdn Bhd, have been settled.
State Finance Minister II Datuk Seri Masidi Manjun said both companies have settled their SST arrears amounting to RM79.41 million on Oct 3 this year.
Sea Hibiscus Sdn Bhd has paid RM70.05 million while Repsol Oil & Gas Ltd RM9.36 million.
“Both companies have also started paying current taxes and are no longer owing SST,” said Masidi during question time at the State Legislative Assembly sitting Thursday.
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