As you may be aware, the Royal Malaysian Customs Department ("RMCD") officially launched the AViP in July 2024. You may refer to our earlier Tax Whiz (here) for details.
In line with this, RMCD has on 15 November 2024 issued the framework for the AViP (“Framework”) on RMCD’s official portal (currently only available in Malay language). The Framework provides a comprehensive guidance on the implementation of the AViP, including explaining the types of audits and the mechanism for taxpayers to come forward and voluntary disclose any non-compliance through self-assessment.
Please click on the above header link for a copy of the Framework at RMCD’s official portal (only available in Malay language) and KPMG’s highlight for further information.
