Has Yamani Hafez Musa paid all necessary taxes for his offshore company?

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Yamani Hafez Musa Confirms All Taxes Paid for Dormant Offshore Company

Deputy Finance Minister Yamani Hafez Musa has stated that all taxes pertaining to his British Virgin Islands company have been settled. He clarified that the company is inactive and has not received any financial injections, with the Inland Revenue Board being aware of and having received all applicable taxes.
Company Status and Tax Compliance

Yamani Hafez Musa confirmed that the company associated with him in the Pandora Papers exposé is currently dormant. He emphasized that there has been no injection of funds into this inactive entity. He further assured that all relevant taxes concerning this company are known to the Inland Revenue Board and have been duly paid.
Role in Offshore Entity

According to the Pandora Papers report, Yamani Hafez Musa served as a director of Great Ocean Consultants in the British Virgin Islands between 2013 and 2015, alongside his siblings. His father, former Sabah chief minister Tan Sri Musa Aman, subsequently became the sole director in 2015. The company held a significant amount, US$310,000 (approximately RM1.2 million), in a Deutsche Bank account before its sale.
Broader Context of Pandora Papers

The Pandora Papers, a global investigation involving 600 journalists, is based on over 11.9 million leaked documents from offshore service providers. These documents reveal the establishment and management of shell companies and trusts in tax havens, with the British Virgin Islands being a noted choice for wealthy Malaysians. Several other Malaysian politicians were also named in the report.

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Has Yamani Hafez Musa paid all necessary taxes for his offshore company?

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