eKTP 100

IRB Special Program For Voluntary Disclosure
Part 1 of 3 

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  • Do you have any unreported income that keep in Singapore bank account?

  • Do you have under-declared income that unmatched with your holding of assets like property, car, gold…?

  • Do you have over-claimed of expense with fictitious suppliers?


What is special on voluntary disclosure? What are the benefits? 

Special program to encourage taxpayers to come forward on a voluntary basis and report the actual income in order to increase tax collection for development of the nation; 

Voluntary Disclosure covers the followings:

  1. Income not previously declared / expenses over claimed / expenses not allowed and reliefs / deductions / rebates over claimed;

  2. reporting of gains on disposal of assets (real property and shares in a real property company; and

  3. stamping of unstamped instruments.

advantage of this special program for voluntary disclosure

1. Lower penalty rates are imposed as compared to the current practice. The penalty rates are as follows:

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2. Higher penalties rates will be imposed after the expiry of the Special Program for Voluntary Disclosure period as follows:

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3. Inland Revenue Board Malaysia (IRBM) will accept in good faith all voluntary disclosures made during the Special Program for Voluntary Disclosure period. Further review will not be made on the reported information and the audit action will not be taken on the year of assessment where voluntary disclosure has been made.


Eligible person for making voluntary disclosure under this special program

The following taxpayers are eligible for making voluntary disclosure under this Special Program:

  1. Taxpayers who are not registered with the IRBM;

  2. Taxpayers who are registered with the IRBM but have not submitted the Income Tax Return Form (ITRF) / Petroleum Return Form (PRF) / Real Property Gains Tax Form (RPGTRF) for any year of assessment;

  3. Taxpayers who have submitted the ITRF / PRF / RPGTRF but have not reported the correct information on the income / disposal of asset(s) for any year of assessment;

  4. Persons who fail to stamp executed instruments after six (6) months from the stamping period (30 days from the date of execution of the instrument);

  5. Taxpayers whether resident or non-resident; and

  6. Income earned from Malaysia and deposited in a bank account abroad is subject to the provisions of the Income Tax Act 1967. Taxpayer is responsible for reporting this income.