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Malaysia issues Pre-Budget 2022 Statement – Indirect Tax Special Voluntary Disclosure Program (SVDP)

Under the proposed indirect tax amnesty program, taxpayers will be encouraged to voluntarily disclose underpaid or unpaid indirect taxes arising from errors or mistakes made in indirect tax filings or submissions, in exchange for reduced penalties. Taxpayers who have failed to register and comply with indirect tax filing requirements are also expected to be eligible for the SVDP.

Source EY

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