Guan Eng: Taxpayers with no foreign bank accounts need not fret

Above board: Lim says if the income has been declared to IRB or taxed and later channelled overseas, everything is above board according to the income tax laws.

PUTRAJAYA: Taxpayers who do not have foreign bank accounts need not worry if they receive a letter or e-mail from the Inland Revenue Board (IRB) under the Special Voluntary Disclosure Programme (PKPS).

Finance Minister Lim Guan Eng said the programme is aimed at helping individuals with income obtained from sources within Malaysia that is kept in a foreign bank account but has not been declared or taxed.