Special Voluntary Disclosure Programme (SVDP) 2.0-Instalment Payment for Outstanding Tax
In their media statement from July 26, 2023, the IRB announced that taxpayers can arrange for instalment payments on outstanding income tax and real property gains tax for previous years without incurring an increase in tax.
During the Special Voluntary Disclosure Programme (SVDP 2.0) period, from June 6, 2023, to May 31, 2024, applications can be submitted in writing to the closest IRB branch handling the tax file or through the MyTax portal.
No supporting documents are needed as long as the amounts are settled within the SVDP 2.0 timeframe.
Travel Restriction Uplift
Furthermore, taxpayers adhering to the payment schedule set by the IRB will be granted a temporary lifting of travel restrictions under section 104 of the Income Tax Act 1967 (ITA 1967). This applies to those making consistent instalment payments for outstanding taxes.
Failure to follow the payment terms may lead to an increase in tax.
The IRB's media statement can be found on their website at www.hasil.gov.my (Media Release).
Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru
Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru
KTP (Audit, Tax, Advisory)
An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients
THK (Secretarial, Account, Payroll, Advisory)
A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients
An internal community for our colleagues on work and leisure.
An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.
Published : 8-Aug-2023