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High Court allows Sarawak Energy s unit to challenge MOF s rejection of its RM10 9 bil tax incentive claim

The High Court here on Thursday allowed a subsidiary of Sarawak Energy Bhd (SEB) to challenge the Ministry of Finance's decision to reject its RM10.9 billion investment tax allowance claim in 2019, as it granted an application from SEB's subsidiary for a judicial review of the Ministry's decision. SEB's subsidiary, Baleh Hydro Power Generation Sdn Bhd, which was appointed to construct a hydroelectric power plant in Kapit, Sarawak, had applied to the Ministry to claim the investment tax allowance, a type of tax incentive granted based on the capital expenditure a company incurs on approved projects.

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