Budget 2022: Govt to increase tax revenue, address leakage

KUALA LUMPUR: The government is considering measures to increase tax revenue through increased tax compliance as well as address the issue of revenue leakages, especially involving the smuggling of high-duty goods estimated at RM5 billion per annum.

In a Pre-Budget Statement, the Ministry of Finance (MoF) said that among the recommendations in the study is the implementation of the Special Voluntary Disclosure Programme (SVDP) for indirect taxes administered by the Royal Malaysian Customs Department.