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KUALA LUMPUR: Datuk Seri Dr Wee Ka Siong has called on Prime Minister Datuk Seri Anwar Ibrahim to urgently address the ongoing tax dispute involving Universiti Tunku Abdul Rahman .
"During my second meeting with the Prime Minister, he reviewed the LHDN report, and we realised that the appropriate course of action was to file an appeal with the Finance Ministry," he said. "I am confident that the Prime Minister, with his understanding of UTAR's establishment, will resolve this issue wisely," he added."For over two decades, the foundation and UTAR have complied with all legal requirements, consistently submitting asset reports and successfully passing audits.
"The university was set up as a company limited by guarantee , essentially a foundation like a Sendirian Berhad but non-profit," he said, questioning the rationale behind treating UTAR as a separate entity from its foundation.Due to the changed income tax guidelines in 2019 by LHDN, he stated that this should not impact UTAR's tax-exempt status unless amendments to Act 555 are made in Parliament.
"Over its 22-year history, UTAR has produced approximately 87,000 graduates, providing affordable education made possible by public donations and tax exemptions. For instance, while private universities may charge RM600,000 for a medical degree, UTAR offers it for RM280,000," he cited as an example.
Tax Dispute LHDN Finance Ministry Dr Wee Ka Siong Tax Exemption UTAR Education Foundation
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