The Special Voluntary Disclosure Programme for Indirect Taxes (“SVDP”) was proposed in Budget 2022 on 29 October 2021. The SVDP is an opportunity for taxpayers who have inadvertently under-reported any indirect taxes to come forward and voluntarily disclose such errors to the Royal Malaysian Customs Department (“RMCD”) and to minimise their exposure to penalties. After a long delay, the RMCD has recently issued their guidelines for the Voluntary Disclosure and Amnesty Programme (“VA Programme”) which is effective on 1 January 2022.
BDO’s tax advisory team shall highlight the key features of the RMCD’s guidelines for the VA Programme and how your organisation could take this one-off opportunity to manage its indirect tax compliance risks.
SPEAKERS:
David Lai, Executive Director, Tax, (Head of Advisory), BDO Malaysia
Chan Kwan Yee, Director, Tax, BDO Malaysia
Nur Hidayah, Associate Director, Tax, BDO Malaysia