MK Land unit served with RM26.98m claim by IRB

The Inland Revenue Board (IRB) is suing MK Land Holdings Bhd’s wholly-owned subsidiary, Saujana Triangle Sdn Bhd (STSB), to claim RM26.98 million in owed tax, between year 2011 and 2013.

In a filing to Bursa Malaysia, the property concern noted its solicitors and tax consultants are the view that there are reasonable grounds to challenge the claim before the Special Commissioners of Income Tax.

Last week, STSB was served with a writ of summons and statement of claim for RM64.64 million in taxes allegedly owing for the years of assessment 2009 and 2010.