In a statement issued by Ministry of Finance on 7 April 2019, the first phase Special Voluntary Declaration Programme (SVDP) will be extended until 30 June 2019. The special program for voluntary tax disclosure has been extended as follows:
For individual taxpayers, they can voluntary disclose income earned until 31 December 2017. For company, voluntary disclosure can be made on income earned until accounting period ended 31 March 2018.
In addition, taxpayers who received notification from Inland Revenue Board of Malaysia (IRBM) regarding overseas bank account should come forward to any IRBM Branch to provide clarification and partake in voluntary disclosure, where necessary.
IRBM will accept each voluntary disclosure in good faith and tax audit investigation will not be conducted.
If you need further clarification or information, please do not hesitate to contact us.
Photo credits: https://mocah.org/120961-butterfly-wood-blue-4k-8k.html
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