Yusri Ng
LHDN uncovered a major tax evasion case involving a luxury vehicle cartel. The business at the centre of the probe hid about RM70 million in income from high-end car sales.
LHDN officers carried out raids at three locations in the Klang Valley. They searched the company’s premises, the director’s home and an auditing firm linked to the group. The team collected financial documents and records to support the investigation.
Company Accused of Hiding Income
Investigators found that the company did not declare its full earnings from luxury vehicle transactions. LHDN is now taking action under the Income Tax Act 1967. The agency believes the business manipulated sales records to avoid paying taxes.
Focus on High-Value Industries
LHDN CEO Datuk Dr Abu Tariq Jamaluddin said the agency is increasing checks on industries with high-value transactions. He stressed that tax evasion in the luxury market reduces national revenue and harms honest taxpayers. He also confirmed that LHDN will continue to act against cartels that exploit the system.
Part of Wider Crackdown
This case is one of several enforcement actions underway. LHDN is also targeting illegal mining, scam syndicates, hidden income, gambling profits and foreign-owned businesses that fail to report revenue. The agency said it aims to strengthen tax compliance and protect the country from further losses.
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