In the tabling of the Revised Budget 2023, our Prime Minister and Finance Minister, YAB Dato’ Seri Anwar bin Ibrahim announced the reintroduction of the Special Voluntary Disclosure Programme (“SVDP2.0) to incentivize taxpayers who have not paid or have underpaid their taxes.
Back in 2018, the Malaysian government introduced SVDP1.0 which was for applications made during the period between 3 November 2018 to 30 September 2019. The objective of introducing SVDP1.0 was to incentivize taxpayers who have not paid their taxes or have under-paid their taxes. Some key statistics from SVDP1.0 were:
SVDP2.0 was introduced with the following key points announced during the Revised Budget 2023:
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