The Royal Malaysian Customs Department’s (RMCD’s) special voluntary disclosure and amnesty program for indirect taxes (“VA program”) aims to encourage companies and individuals to voluntarily disclose indirect tax liabilities (including duty, tax, levy, and/or penalty liabilities) outstanding on or before 31 October 2021 by offering incentives for the payment of liabilities during the period from 1 January 2022 through 30 September 2022. Phase one of the VA program currently is in progress (through 30 June 2022) and we understand that there has been some confusion among taxpayers on certain aspects of the program, due to inconsistent messages being provided by different RMCD officers or controlling stations. Some of the issues are addressed below in a question-and-answer format, following a brief overview of the VA program.
Source Deloitte
