News Formal

Finance Ministry: Tax voluntary disclosure programme to begin from June 6

  • 📰 malaymail
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 86%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

KUALA LUMPUR, June 2 — The government plans to reimplement the Voluntary Disclosure Programme (VDP) as one of the initiatives to expand the number of taxpayers, increase the...

KUALA LUMPUR, June 2 — The government plans to reimplement the Voluntary Disclosure Programme as one of the initiatives to expand the number of taxpayers, increase the tax compliance level and increase the country’s revenue, said the Ministry of Finance .

In a statement today, the ministry said the VDP would allow the people to voluntarily pay tax arrears without penalties or at a rate of zero per cent. “This will be implemented by the Royal Malaysian Customs Department and the Inland Revenue Board Malaysia starting June 6, 2023, until May 31, 2024,” it said.

Further details and information concerning the VDP would be available in the official websites of JKDM and IRBM, it added. — Bernama

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Full-time finance minister needed to tackle depreciating ringgit – PAS MPWe must also implement measures to complement central bank’s moves, Syahir says.
Source: malaysiakini - 🏆 20. / 51 Read more »