Already committed an offence for not declaring the RM2.6bil “donation” as income.
Two days ahead of the start of his money-laundering trial, former prime minister Datuk Seri Najib Razak has been slapped with a hefty bill of RM1.5 billion by the Inland Revenue Board (IRB).
The IRB had sent a letter to Najib about a week ago, stating the extra tax he had to pay for the years 2011 to 2017, The Edge reported.
Quoting sources, the report said the amount is on top of what Najib had already paid based on his declared income for the seven years.
Based on IRB’s assessment, Najib had not declared taxable income of close to RM4 billion during that period and this included the RM2.6bil “donation” that he purportedly received from the Saudi Arabian government.
A tax expert told the financial daily that regardless of whether the billions that went into his accounts are proven to be stolen or a donation, it would still be considered taxable, and it would be considered an offence for him to not declare it as income.
Tax experts say that donations are subject to income tax, so regardless of whether the billions that went into his bank account is proven to be stolen or donation,