The Inland Revenue Board of Malaysia (HASiL) has issued a media release dated 26 July 2023 to inform that taxpayers can apply to make instalment payments for outstanding Income Tax and Real Property Gains Tax for prior years without a tax increase being charged. The application can be made from 6 June 2023 to 31 May 2024, during the Special Voluntary Disclosure Programme (SVDP) 2.0 period.
The above application needs to be made in writing and can be submitted at HASiL offices or online through the MyTax platform.
Taxpayers will be given a temporary release of travel restriction under S.104 of the Income Tax Act 1967 for instalment payments for outstanding taxes that are made consistently and in compliance with the payment schedule set by HASiL. Failure to comply with the payment terms may result in a tax increase being charged.
For more information, members may read HASiL’s media release in full by accessing the reference below.
