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IRB: Trust us with voluntary disclosure programme

IRB: Trust us with voluntary disclosure programme

The Edge Financial Daily

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Dato’ Sri Sabin Samitah, the CEO of the Inland Revenue Board (IRB), has called on taxpayers to trust the government’s intention to introduce the Special Voluntary Disclosure Programme (SVDP), during a dialogue session with KPMG.

He acknowledged that the public still has some reservations against the programme, but has assured that any voluntary declaration made by taxpayers during the programme’s eight-month period from Nov 3, 2018 to June 30, 2019 will be accepted by the IRB in good faith and confidentiality of taxpayers’ information will be protected.

Special officer to the finance minister, Dato’ Ooi Kok Seng, who was also present, had mentioned that the government had not yet received the funds from a one-off special dividend from Petroliam Nasional Bhd (Petronas) of RM30 billion which will be used for tax refunds announced during Budget 2019. “At the moment the funds are not in as it is only a few days past the new year. However, [the public] should not worry as the finance minister has given the assurance that full refunds will be made through the special dividend,” he said.

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IRB: Trust us with voluntary disclosure programme

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