Malaysia: FAQs on re-implementation of voluntary disclosure programs

Full waiver of penalties for taxpayers, covering both direct and indirect taxes

FAQs on re-implementation

The Inland Revenue Board (IRB) and the Royal Malaysian Customs Department (RMCD) will re-implement the special voluntary disclosure program 2.0 (SVDP 2.0) and the voluntary disclosure program (VDP). The latest implementation period for the programs is from 6 June 2023 to 31 May 2024. The SVDP 2.0 and VDP provide a full waiver of penalties for taxpayers that come forward under the programs, covering both direct and indirect taxes.

To provide guidance on the implementation of the programs, and to address the common questions surrounding them, the IRB and RMCD have issued guidelines and “frequently asked questions” (FAQs).

Read a June 2023 report prepared by the KPMG member firm in Malaysia



The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.