One million taxpayers to pay RM10bil under amnesty scheme


According to IRB chief executive officer, Datuk Seri Sabin Samitah(pic), the SVDP provides a golden opportunity for taxpayers to come forward voluntarily, as the disclosures made would be taken in good faith by the government agency.

PETALING JAYA: The Special Voluntary Disclosure Programme (SVDP) is expected to collect RM10bil from at least one million taxpayers who may have misreported their tax filings or did not declare their income to the Inland Revenue Board (IRB).

According to IRB chief executive officer, Datuk Seri Sabin Samitah, the SVDP provides a golden opportunity for taxpayers to come forward voluntarily, as the disclosures made would be taken in good faith by the government agency.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , IRB , income tax , amnesty , taxpayers , Sabin ,

   

Next In Business News

MIDA, a vital instrument to remove obstacles for prospective investors - Tengku Zafrul
Ringgit easier against US dollar at closing
Alpha IVF remains committed to its growth strategy
Jentayu hopes to sign PPA for Sipitang hydropower plant by mid-year
Malaysia needs up to RM90bil to fund critical energy projects in next 10 years
GDEX to diversify into IT services and solutions
Bursa Malaysia collaborates with UK's MOBILIST to enable greater investment in energy transition
MIDA appoints Sikh Shamsul Ibrahim as CEO
Bursa Malaysia continues downtrend with over 1,000 counters in red
Asian bonds see first monthly outflow in five on easing US rate-cut hopes

Others Also Read