Business · Malaysia Bureau
Zetrix AI faces RM200m bill for unpaid road tax and licence fees
The Ministry of Transport has confirmed that digital services company Zetrix AI Bhd, formerly known as MyEG Services Bhd, owes approximately RM200 million in outstanding arrears for road tax and vehicle licence fees.
LSN Malaysia ·
KUALA LUMPUR — The Ministry of Transport has formally acknowledged that Zetrix AI Bhd is liable for roughly RM200 million in unpaid road tax and licence fee obligations, marking a significant financial liability for the digital services provider.
The company, which rebranded from MyEG Services Bhd, has accumulated the substantial arrears through its operations as a service provider in the transport and licensing sector. The ministry's confirmation represents a critical development for stakeholders and investors monitoring the firm's financial position.
The outstanding amount underscores ongoing challenges in the digital services industry's management of government-related transactions and revenue collection. The discovery of such substantial arrears raises questions about the company's internal financial controls and reconciliation processes.
As of now, no timeline has been announced for the settlement of the arrears or any formal recovery action by the ministry. The situation highlights the importance of robust compliance mechanisms in companies handling government service transactions.