In a commentary piece, Ng Sue Lynn, Head of Indirect Tax for KPMG in Malaysia discussed the government’s proposal to study the Special Voluntary Disclosure Programme (SVDP) to increase tax revenue through increased tax compliance.
“At the end of the day, a successful voluntary disclosure programme must strike a balance between providing sufficient incentives for those engaged in non-compliance to come forward but at the same time, not rewarding or encouraging such conduct. In essence, a successful programme should benefit everyone involved, from the taxpayers making the disclosure to compliant taxpayers as well as the government.”
Read her thoughts in full below
