The group said in its filing with Bursa Malaysia that the director-general also agreed to withdraw legal proceedings against them at the Shah Alam High Court and likewise, Aeon Credit agreed to withdraw its appeal before the Court of Appeal.
PETALING JAYA: Aeon Credit Service (M) Bhd
and the director-general of the Inland Revenue Board have mutually reached an out of court settlement on the tax appeal lodged by the company.
The director-general agreed to revise the additional taxes payable by Aeon Credit to RM10.31mil from RM96.82mil, inclusive of penalties.
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