Yong: Don’t assume that overseas income is not taxable.
PETALING JAYA: The government stands to collect an additional few billion ringgit from individuals and companies with overseas bank accounts under the Special Voluntary Disclosure Programme (VDP), according to Tax Advisory and Management Services Sdn Bhd chief executive officer Yong Poh Chye.
The majority of individuals and companies own overseas bank accounts because of property purchases and investments.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
