Deep dive into the objective, guidance, insights, mechanism/action steps as well as benefits/incentives which can be taken by businesses in dealing with the VA Programme for Indirect Taxes to fully avail for the incentives offered under this programme and minimize the risk of audits by the Royal Malaysian Customs Department (RMCD).

The VA Programme for Indirect Taxes was implemented on 1 January 2022 with the aim to encourage taxpayers 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 eligible for the VA Programme.

The VA Programme involves two (2) distinct programs:
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.
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.

The VA Programme will cover most indirect taxes administered by the Royal Malaysian Customs Department (RMCD), including Sales Tax and Service Tax (SST), Goods and Services Tax (GST), Tourism Tax, Departure Levy, Import Duty, Export Duty and Excise Duty.

Event Details
Date: 25 August 2022 (Thurs)
Time: 3pm - 4.30pm
Webinar Platform : Microsoft TEAM

Kindly register here https://forms.gle/SCWCT6sb7QX9TzBT6 before 22 August 22 (Mon)

You may VIEW or DOWNLOAD the webinar information and speakers' profiles: Webinar: Tax Measures Introduced in Budget 2022: Special Voluntary Disclosure & Amnesty (VA) programme for Indirect Taxes