Lien Hoe Hit with RM1.39mil tax bill

KUALA LUMPUR: Lien Hoe Corp Bhd has received additional tax assessments totalling RM1.39mil from the Inland Revenue Board (IRB) for seven years of assessment.

In a filing with Bursa Malaysia, the property group said it received notices of assessment on July 29, covering the years 2017 to 2023.

The total sum of RM1.39mil includes surcharges and relates to deemed interest income under Section 140A of the Income Tax Act.

“This additional income tax payable will be recognised in the financial statements for the three-month period ended June 30, 2025.

“It is expected to negatively impact both net asset value and earnings by 0.42 sen per share for the financial year ending Dec 31, 2025,” Lien Hoe said.