Tenaga Nasional Berhad on 28 November 2019 received Notices of Additional Assessment for the years of assessment 2015, 2016 and 2017 amounting to RM1,429,900,636.50, RM1,245,538,590.94 and RM1,302,446,841.28 respectively. Based on the legal advice obtained from our tax solicitors, Tenaga Nasional Berhad has good basis to contend that there is no legal and factual basis for the Inland Revenue Board to issue the said notices. Accordingly, Tenaga Nasional Berhad will be appealing against the said notices.

This announcement is dated 28 November 2019.