Some 50,000 taxpayers expected to participate in voluntary tax disclosure programme

KUALA LUMPUR: Some 50,000 new and existing taxpayers with a total assessment of RM1bil are expected to participate in the Inland Revenue Board (IRB) Special Voluntary Disclosure Programme (PKPS) beginning June 1, 2023 until May 2024.

Deputy Finance Minister Datuk Seri Ahmad Maslan (pic) said the programme, which was first implemented in 2019, would be re-introduced to encourage taxpayers to voluntarily file their income statements without being penalised or at a zero% rate.