Sime Darby said its wholly owned subsidiary, Sime Darby Holdings Bhd, received notices of assessment on Sept 30 after the Inland Revenue Board determined that interest income from its treasury activities was taxable. (Sime pic)KUALA LUMPUR: Sime Darby Bhd’s wholly owned subsidiary, Sime Darby Holdings Bhd (SDHB), will appeal against tax assessments totalling RM150.18 million, including penalties, issued by the Inland Revenue Board (LHDN) for the years of assessment 2017 to 2023.
In a filing with Bursa Malaysia today, Sime Darby said SDHB received the notices of assessment on Sept 30 after LHDN determined that interest income from its treasury activities was taxable under Section 4(c) of the Income Tax Act 1967.
