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Malaysia Implements Special Voluntary Disclosure Programme 2.0

The Inland Revenue Board of Malaysia (IRBM) has announced the implementation of the Special Voluntary Disclosure Programme (SVDP) 2.0 from 6 June 2023 until 31 May 2024. The SVDP provides a 0% penalty/surcharge rate for voluntary disclosures made during the implementation period. The SVDP is available for both resident and non-resident taxpayers, including:

Source: Orbitax

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