Kota Kinabalu: Hibiscus Petroleum which was initially against paying the 5 per cent Sabah Sales Tax on petroleum products has decided to pay the RM85.7m owed to the Sabah Government. It is understood that it was to create a stable environment for continuing investment and smooth operations in Sabah. It removes the lingering uncertainty in its Sabah operations that could affect its operational efficiency. The Group is expected to pay the SST annually, an estimated RM44.
, to pay the claims imposed on revenues for the sale of crude oil under the North Sabah PSC and the Kinabalu PSC respectively, on Sept. 27.This was to create a stable environment for continuing investment and smooth operations in Sabah and removes the lingering uncertainty in its Sabah operations.
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