March 31 deadline looms for SVDP

Yong: Even if the notice is issued after April 1, taxpayers still have 30 days to settle the tax payment at the 10% penalty.

PETALING JAYA: The first deadline of March 31, is coming up for the government’s Special Voluntary Disclosure Programme (SVDP), the tax programme where volunteers come forward to declare previously undeclared or under declared income, at a reduced penalty rate.

There are presently some issues for those who are submitting close to the March 31 deadline, as payment under this programme can only be made after the ‘Notice of Assessment’ is out.