Business · Malaysia Bureau
MyEG faces RM353 million tax dispute, explores settlement options
Digital services provider MyEG Services Berhad is navigating a substantial tax claim while simultaneously bracing for potential additional legal action. The company has indicated its willingness to pursue an amicable resolution to the matter.
LSN Malaysia ·
MyEG Services Berhad has been served with a RM353 million tax suit, according to regulatory disclosures. The company has signalled its intention to seek an out-of-court settlement rather than pursue protracted litigation over the claim.
In a related development, subsidiary Zetrix AI stated it has not yet received formal notification of a separate RM314 million suit. The company said it remains prepared to respond appropriately once official documentation is received.
The dual legal challenges represent a significant development for the Kuala Lumpur-listed company, which provides digital transformation and e-government solutions across the region. MyEG's approach of seeking amicable resolution suggests the company aims to minimize disruption to its operations and financial position.
The disputes highlight the scrutiny Malaysian technology and services firms face from tax authorities. MyEG has committed to working constructively with relevant parties to resolve the matters, though specific timelines for resolution remain unclear.
Further updates are anticipated as developments unfold in both cases.