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

 

 

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