MCA president Datuk Seri Dr Wee Ka Siong has voiced concern over the looming expiry of Tunku Abdul Rahman University of Management and Technology’s (TAR UMT) tax-exempt status on Dec 31, saying that the Inland Revenue Board (IRB) has yet to approve an extension.<br /><br />Speaking at the party’s 3rd General Assembly on Sunday (Dec 7), he warned that forcing TAR UMT to pay tax could have serious financial repercussions for thousands of students.<br /><br />Dr Wee added that if both TAR UMT and Universiti Tunku Abdul Rahman (UTAR) lose their tax-exempt status, the institutions could face up to RM20mil in tax annually.<br /><br />Read more at https://tinyurl.com/24xcwyy9<br /><br />WATCH MORE: https://thestartv.com/c/news<br />SUBSCRIBE: https://cutt.ly/TheStar<br />LIKE: https://fb.com/TheStarOnline
