Royal Malaysian Customs Department (RMCD) extend Phase 2 payment deadline for Special Voluntary Disclosure & Amnesty Program to 31/12/2022. T&C apply : 1. The extension is only available to taxpayers who have completed and uploaded the VA program application form (VA-01 form) into the MyVA system on or before 30 September 2022. Full story in our blog https://lnkd.in/gzh-5d7j Read our past blog posting on RMCD's SVDA program dated 15 December 2021 https://lnkd.in/d-g5AR3u Disclaimer 𝑂𝑢𝑟 𝑠𝑜𝑐𝑖𝑎𝑙 𝑚𝑒𝑑𝑖𝑎 𝑎𝑟𝑡𝑖𝑐𝑙𝑒𝑠, 𝑡𝑒𝑚𝑝𝑙𝑎𝑡𝑒𝑠 𝑎𝑛𝑑 𝑚𝑎𝑡𝑒𝑟𝑖𝑎𝑙 𝑎𝑟𝑒 𝑠𝑜𝑙𝑒𝑙𝑦 𝑓𝑜𝑟 𝑟𝑒𝑓𝑒𝑟𝑒𝑛𝑐𝑒. 𝐴𝑛𝑦 𝑟𝑒𝑙𝑖𝑎𝑛𝑐𝑒 𝑜𝑛 𝑠𝑢𝑐ℎ 𝑖𝑛𝑓𝑜𝑟𝑚𝑎𝑡𝑖𝑜𝑛 𝑖𝑠 𝑠𝑡𝑟𝑖𝑐𝑡𝑙𝑦 𝑎𝑡 𝑦𝑜𝑢𝑟 𝑜𝑤𝑛 𝑟𝑖𝑠𝑘. 𝐕𝐢𝐬𝐢𝐭 𝐮𝐬 Wisma 𝐊𝐓𝐏, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru Wisma 𝐓𝐇𝐊, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru 𝐊𝐓𝐏 (𝐀𝐮𝐝𝐢𝐭,𝐓𝐚𝐱, 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲) An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients Website www.ktp.com.my Instagram https://bit.ly/3jZuZuI Linkedin https://bit.ly/3sapf4l Telegram http://bit.ly/3ptmlpn 𝐓𝐇𝐊 (𝐒𝐞𝐜𝐫𝐞𝐭𝐚𝐫𝐢𝐚𝐥, 𝐀𝐜𝐜𝐨𝐮𝐧𝐭/𝐏𝐚𝐲𝐫𝐨𝐥𝐥, 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲) A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients Website www.thks.com.my Facebook https://bit.ly/3nQ98rs

1. 03/10/22
Special Voluntary Disclosure
&
Amnesty Program
(update)
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2. 03/10/22
Special Voluntary Disclosure
and Amnesty Program (VA)
will be implemented with
effect from 1 January 2022
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3. 03/10/22
The VA program will be
introduced in two (2) phases
with penalty remission
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4. 03/10/22
1 January 2022
to
30 June 2022 :
100% penalty remission
* full payment made during this period
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5. 03/10/22
1 July 2022
to
30 September 2022 (update)
31 December 2022:
50% penalty remission
* full payment made during this period
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6. 03/10/22
The VA program will involve
two (2) distinct programs :
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7. 03/10/22
1. Voluntary disclosure program :
Taxpayers can voluntarily disclose
any unpaid or under-reported
indirect tax/duty not known or
discovered by RMCD under this
program
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8. 03/10/22
2. Amnesty program –
Taxpayers with any outstanding
Bill of Demand (“BOD”) or who have
been audited by the RMCD
Compliance Division and received
audit findings on non-compliance
areas can enjoy penalty and
tax/duty remissions under this
program
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9. 03/10/22
The VA program will cover all
indirect taxes administered by
RMCD, including Sales Tax,
Service Tax, GST, Tourism Tax,
Departure Levy, Import Duty,
Export Duty and Excise Duty.
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10. 03/10/22
Voluntary disclosure submitted
in good faith will be accepted
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11. 03/10/22
No audit will be conducted on
the activities and periods
involved.
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12. 03/10/22
Once the VA period is over,
RMDC will enhance
enforcement with hefty penalty
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