YNHC receives summons from IRB

KUALA LUMPUR: YNH Construction Sdn Bhd (YNHC), a wholly-owned subsidiary of YNH Property Bhd, has been served with a writ of summons and statement of claim by the Inland Revenue Board (IRB) for back taxes for the year of assessment 1999 amounting to RM998,678.38.

In a filing to Bursa Malaysia on Jan 25, YNH Property said the IRB are further seeking penalties amounting to RM154,795.14 for late payment of the above said taxes.

“YNHC will be entering its appearance vide its solicitors, Messrs Raja, Daryl and Loh, to contest the claims,” said YNH Property.

YNHC has previously appealed against the income tax assessment raised for the year of assessment 1999 and the Special Commissioners of IRB have set Nov 1 and 2, 2010 as the hearing dates.