SVDP 2.0 applies from 6 June 2023 to 31 May 2024 and covers indirect taxes payable up to 28 February 2023, except for tax liabilities under investigation or at trial, under audit or where bills of demand have been issued. The scope of SVDP 2.0 covers sales tax, services tax, goods and services tax and tourism tax, but not import taxes. Eligible participants include registered person that have failed to submit returns or have undeclared/underpaid taxes. Taxpayers electing to participate in SVDP 2.0 must pay the due in full, either by making a lump sum payment or instalment payments, and applications are made online.
Source: BDO
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