Taxman Fine AEON RM97 Million

Aeon Credit Service Bhd said it had been served with notices of additional assessment and penalties totalling almost RM97mil from the taxman.

The additional tax bill goes back seven years to the assessment year 2010.

“The company has appointed tax solicitors and is initiating proceedings to challenge the validity and legality of the said notices of additional assessment,” the company told Bursa Malaysia on Wednesday.

Aeon Credit said there are “reasonable grounds” to challenge the validity of the additional assessment raised by the director general of Inland Revenue and the penalties imposed.