How much income tax does Eric Tan owe the Malaysian government?

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Eric Tan Owes the Malaysian Government RM68.33 Million in Income Tax

Eric Tan owes the Malaysian government a total of RM68,334,219.01 in income tax, a sum that includes accumulated interest and costs. This significant debt stems from tax arrears primarily for the assessment years 2010 to 2013. The High Court formally recorded a bankruptcy order against Tan following the government's creditor's petition, which he failed to respond to.
Tax Arrears and Interest

The bulk of Eric Tan's outstanding debt, amounting to RM67,996,891.87, represents tax arrears for the assessment years spanning 2010 to 2013. This figure was the subject of a suit filed by the Inland Revenue Board (IRB) on behalf of the Malaysian government. The High Court had previously ordered Tan to settle this sum, along with additional interest and costs.
High Court Bankruptcy Order

A bankruptcy order was officially declared against Eric Tan by the High Court. This was a consequence of his failure to satisfy a bankruptcy notice dated June 8, 2021, which had been extended by a court order on August 30, 2021. The government, through the IRB, had initiated a creditor's petition on December 15, 2021, leading to the final bankruptcy declaration.
Legal Proceedings and Public Notice

The government's pursuit of the debt involved formal legal proceedings, including the filing of a suit by the IRB. Following Tan's failure to enter an appearance, the High Court issued an order for him to pay the substantial tax amount. Furthermore, the bankruptcy notice was publicly advertised in the New Straits Times on September 14, 2021, and also affixed to Tan's residence on September 10, 2021, indicating the official steps taken to notify him of the proceedings.

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How much income tax does Eric Tan owe the Malaysian government?

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