BFM 89.9

HIGHLIGHTS 
Podcast  >  Enterprise  >  Enterprise Explores  >  SVDP 2.0 - How To Tell If You Need To Pay (More) Taxes?

SVDP 2.0 - How To Tell If You Need To Pay (More) Taxes?

Soh Lian Seng, Head of Tax, KPMG

15-Jun-23 12:00

SVDP 2.0 - How To Tell If You Need To Pay (More) Taxes?

Earlier this month, the government’s Special Voluntary Disclosure Programme (SVDP) 2.0 kicked off. Starting from June 6th 2023 all the way to 31st May 2024, the aim is to encourage non-compliant taxpayers to report any incorrect or undisclosed taxes over the years, covering both direct and indirect taxes. This includes a 100% waiver on tax penalty and seems to be targeted at the informal sector, including areas such as social media creators and e-commerce businesses.

Today on BizBytes we speak to Soh Lian Seng, Head of Tax, KPMG about who should be taking up the SVDP 2.0, common mistakes that compliant and non-compliant taxpayers may not realise they’re making, and whether this initiative is unfair to all the folks that have been paying their taxes.

Produced by: Roshan Kanesan

Presented by: Roshan Kanesan, Richard Bradbury


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  governmentmanagingfinancial wellness

Tags:  tax fillingslhdnsvdptaxgovernmentirb





Play / Pause

Listen now : BFM 89.9 -- The Business Station

Today’s Shows



11:00 AM

Best of Enterprise

(REPEAT) Nur Azre Abdul Aziz, Director of Strategic Partnerships at TikTok Shop Malaysia joins us to explore some of the real challenges of scaling an e-commerce platform.

12:00 PM

Popcorn Culture

(REPEAT) Reviews of the live action version of How to Train Your Dragon and Pixar's Elio, followed by a discussion on children's films you still love as an adult.

1:00 PM

Cruise Control

(REPEAT) We discuss whether the larger Malaysian population will be able to eventually afford EVs, and whether something will be done to address this.

2:00 PM

Matt-Splained

(REPEAT) Richard and Matt ponder about lessons Gen Z can learn in the midlife career meltdowns of the slacker generation.

3:00 PM

Earth Matters

(REPEAT) A historic moment for gibbon conservation in Malaysia: The first North Bornean Gibbon, Nabalu, was born in a Sabah rehabilitation center. Mariani Ramli, president and founder of the Gibbon Conservation Society, joins us to discuss the years of work behind this achievement.

4:00 PM

Bar None

(REPEAT) Former national tennis player Adam Jaya looks back at his career and shares the challenges that professional tennis athletes face.

5:00 PM

BBC World Service

This episode of The Conversation speaks to two women who are involved in the glassmaking industry.