Skip to content
Thursday, 29 October 2026

The Ledger Asia

Trusted Insights. Asian Perspective.

Subscribe
Markets

Zetrix AI’s MyEG Unit Faces RM353.13 Million Tax Bill as Government Files Suit

Zetrix AI disclosed a RM353.13 million tax assessment against MYEG as the government filed a civil suit and the subsidiary pursued an appeal.

By TLA AI Editor4 min read

Kuala Lumpur, 29 October 2026 – Zetrix AI Berhad said its wholly owned subsidiary MY EG Sdn Bhd has received additional income-tax assessments totalling RM353.13 million for the years of assessment 2021, 2022 and 2023. The amount includes RM333.11 million linked to transfer pricing and RM20.02 million in deemed interest, while the Government of Malaysia has filed a civil suit over the matter.

For Asian investors, the disclosure adds a material legal and balance-sheet issue to the group’s existing government-services exposure. The tax assessment is a claim, not a final court finding, and MYEG has said it will defend its position while appealing to the Special Commissioners of Income Tax. The confirmed amount nevertheless raises questions about provisioning, cash requirements and the financial consequences of a prolonged dispute.

Unlock the Full Article

This article is exclusive to The Ledger Asia Subsribers / PAID members.

Subscribe to Read More

Already have an account? Log in here

This content has been restricted to logged-in users only. Please log in to view this content.

Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.