JAKARTA: Indonesia’s President-elect Prabowo Subianto enjoys high approval ratings ahead of the start of his term this month, though he faces heightened public expectations to address economic challenges.
PETALING JAYA: Multiple discussions have taken place between Universiti Tunku Abdul Rahman , the Finance Ministry and the Inland Revenue Board officials over tax payments and penalties pursued against the not-for-profit university, says MCA president Datuk Seri Dr Wee Ka Siong .
"The Prime Minister agreed to assist and instructed LHDN to address the matter. However, in July, LHDN submitted a report to the Prime Minister, maintaining their original stance," Dr Wee explained.Dr Wee stated that to overturn this decision, an appeal must be made to the Finance Ministry, which UTAR has since submitted.
"Meanwhile, the deadline for tax payment had been extended to Sept 30," Dr Wee said in a Facebook post Friday .Deputy Finance Minister Lim Hui Ying noted that LHDN had said that UTAR never received tax-exempt status, unlike the UTAR Education Foundation, which was granted such an exemption under Section 44 of the Income Tax Act 1967 on July 1, 2003.
Tax Dispute LHDN Finance Ministry Dr Wee Ka Siong Tax Exemption UTAR Education Foundation
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