RMDC Remission 2023 of Penalty & Surcharge

01RMDC Remission of Penalty & Surcharge

The Royal Malaysian Customs Department (RMCD) has announced Remission Program 2023 on Penalty and Surcharge in their website banner.

Key Summaries of the Remission Program

• Full payment must be made.
• The Bill of Demand (BOD) is issued for taxable period on or before 31 December 2022.
• For cases registered with court, company/ individual is required to inform Civil Officer handling the case by writing in order to participate in this program ( T&C apply).
• This program is also offered to company/ individual who has received approval to pay outstanding taxes by instalment.
• The amnesty program run from 1 February 2023 to 30 September 2023 (8 months)

Our Takeaways

Is this Special Voluntary Disclosure Program (SVDP) which is scheduled to start in June 2023?

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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

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