KOTA KINABALU, Aug 19 — The Sabah government still has not received any State Sales Tax payment from two oil and gas companies.
Masidi also said that if all the oil and gas companies operating in Sabah paid the SST, the State Government would be able to collect RM1.2 billion per annum. He said notices were given to both firms on June 21, and the amount was supposed to be settled in full within 30 days. Masidi said that although Sabah is the largest producer of oil in the country with 52 percent coming from the state, it is far behind in terms of development from states like Sarawak and Terengganu and even non-oil producing states.
He said that the roadshow aims to raise awareness of the National OGSE Industry Blueprint 2021-2030, launched in April 2021, and showcase its initiatives and support available from the government for OGSE companies to empower continued growth and move businesses up the value chain.