Friday 29 Mar 2024
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KUALA LUMPUR (Feb 27): The Inland Revenue Board of Malaysia (IRB) has received 200,000 valid disclosures under the Special Voluntary Disclosure Programme (SVDP) as at end of February this year, out of the one million disclosures the tax collector aims to get between Nov 3, 2018 and June 30 this year.

"The number of taxpayers who came forward to IRB voluntarily to declare income that has not been reported or under reported, or [to correct] their reports, has passed 200,000 mark," IRB deputy chief executive officer (tax operation) Datuk Mohd Nizom Sairi told a press conference after officiating a seminar titled 'Voluntary Disclosure: What Taxpayers Should Know', an annual event jointly organised by IRB and Malaysian Employers Federation (MEF).

"IRB will continue to encourage more taxpayers to come forward, because this could be the first and the last opportunity for them, where government allows them to clear their tax record and start afresh for year of assessment 2018, like a clean slate," he added.

Mohd Nizom said he was not able to share the categories of taxpayers who came forward to IRB, which has seven million active registered taxpayers currently.

"We do not want to categorised these taxpayers into specific categories to avoid any negative perception towards anybody," he explained.

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