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May 31, 2023 · Submit a voluntary disclosure via SVDP 2.0 link on the IRBM official portal/ MyTax regarding undeclared income together with the Appendix of the SVDP 2.0 Additional Income Reporting Form and tax computation.
- SPECIAL VOLUNTARY DISCLOSURE PROGRAMME 2
Voluntary Disclosure Programme (SVDP) 2.0 for eligible...
- SPECIAL PROGRAM FOR VOLUNTARY DISCLOSURE
1 INTRODUCTION. 1.1 These Guidelines outline the...
- SPECIAL VOLUNTARY DISCLOSURE PROGRAMME 2
Learn how to participate in the Special Voluntary Disclosure Programme (SVDP) 2.0 from 06 June 2023 to 31 May 2024. Find out the objectives, eligibility, procedures, penalties and benefits of reporting your income and tax computations accurately and orderly.
INTRODUCTION. Initiative to s uppor t the tax administration’s pillars of sustainability in line with the concept of Malaysia Madani. Provides an opportunity for taxpayers to increase their tax compliance level based on the AES [Awareness, Education, Services] concept applied by. IRBM.
SVDP 2.0 ADDITIONAL INCOME REPORTING FORM 06.06.2023 TO 31.05.2024 BASIC INFORMATION 1 Individual / Company Name 2 Tax Identification No. (TIN) / Income Tax No. 3 Reference No. (Registration No. / Identification No. / Passport No. registered with IRBM) INCOME REPORTING SOURCE OF INCOME YEAR OF INCOME RECEIVED RM 1.
Under the SVDP 2.0, the IRB is targeting 50,000 new and existing taxpayers with a total assessment of RM1 billion. How long is the period of SVDP 2.0? Following the announcement by the Ministry of Finance on 2 June 2023, SVDP 2.0 will run from 6 June 2023 until 31 May 2024. What are the incentives for taxpayers to come forward?
SVDP 2.0 is a voluntary disclosure programme for taxpayers to report their correct tax position and rectify errors made in the past. It offers full penalty relief and no audit or investigation for YAs up to YA 2022, except for TP cases.
1 INTRODUCTION. 1.1 These Guidelines outline the implementation procedures of the Special Program for Voluntary Disclosure (Special Program) for eligible taxpayers following the 2019 Budget Announcement by The Honorable Minister of Finance Malaysia on 2 November 2018.
