Petronas fully pays Sarawak state sales tax on petroleum products for 2019

by BERNAMA / pic by MUHD AMIN NAHARUL

Petroliam Nasional Bhd (Petronas) and its group of companies have paid the Sarawak state sales tax on petroleum products for 2019.

Petronas said the payment represented its full and final settlement for the sales tax for the year and was evidence of the group’s commitment towards achieving commercial resolution.

“The payment for year 2020 will be made upon assessments by the Sarawak Comptroller of State Sales Tax,” it said in a statement today.

The group noted that this was a significant milestone following Petronas withdrawal of the appeal against the judicial review decision and also Sarawak’s withdrawal of the civil action on the Sarawak sales tax.

Petronas added that the group was committed to working with the Sarawak government in strengthening the state’s oil and gas sector towards the creation of a stable and conducive business and investment environment for future growth.