KOTA KINABALU (June 10): The Sabah government remains fully committed to pursuing all its constitutional and legislative rights to recover the State Sales Tax (SST) due for the sale of petroleum products from both Repsol Oil and Gas Ltd (REPSOL) and SEA Hibiscus Sdn Bhd (SEAH). Sabah Second Finance Minister Datuk Seri Masidi Manjun said the step is in accordance with the State Sales Tax Enactment 1988. “For the record, both REPSOL and SEAH had applied to the (Sabah) Ministry of Finance and were subsequently issued with the requisite licence as a ‘taxable person’ pursuant to the State Sales Tax Regulations 1999. Masidi claimed that there had been discussions between the representatives of the parties in relation to this issue. “The State government of Sabah reserves its rights to take any action deemed necessary within the powers, authority and jurisdiction of the State,” he said.

Source: The Edge Markets June 11, 2022 02:30 UTC