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IRB: Companies still eligible for Special Voluntary Disclosure Programme despite filing tax returns earlier | Malay Mail

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IRB: Companies still eligible for Special Voluntary Disclosure Programme despite filing tax returns earlier

Seorang pembayar cukai dilihat keluar dari Pusat Bayaran Lembaga Hasil Dalam Negeri setelah selesai melakukan urusan pembayaran cukai di Kompleks Kerajaan, Jalan Duta 12 Jun 2018. — Foto Bernama

In a statement today, the Inland Revenue Board said companies with financial year ending Jan 31, Feb 28 and March 31 last year and those which had applied to take part in the SVDP but were rejected could re-apply to take part in the programme. “According to records, the IRB received almost 140,000 income tax return forms for YA 2018 from companies, and once the SVDP ends, a 45 per cent penalty will be imposed according to the existing audit framework,” it said in a statement today.

The statement also said that the stamp duty counters which would also be operating over the weekend would be to issue the Electronic Stamp Duty Assessment and Payment System notices for individuals paying stamp duties only.

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