IRB collects RM512.6mil through SVDP 2.0

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KUALA LUMPUR: The Inland Revenue Board (IRB) has collected RM512.6 million out of the total tax assessment of RM1.29 billion during the Special Voluntary Disclosure Programme (SVDP) 2.0, which ran from June 6, 2023, to May 31, 2024.

"Therefore, the government will continue to prioritise improving the existing tax system and introducing taxation that does not affect the vulnerable groups before evaluating the need to introduce a new consumption tax like GST,” he said.

"This amount involves reported tax assessments totalling RM1.29 billion," he said during the Minister's Question Time in the Dewan Rakyat today.

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Category: EconomyBusiness

Markets: Malaysia

Topics: GST Taxation SVDP 2.0 IRB Finance Ministry RMCD Amir Hamzah Azizan /Business/Business News

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-16 @ 14:38:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 475 words

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News ID: 21647627

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