The Inland Revenue Board of Malaysia (IRBM) has announced the implementation of the Special Voluntary Disclosure Programme (SVDP) 2.0 from 6 June 2023 until 31 May 2024. The SVDP provides a 0% penalty/surcharge rate for voluntary disclosures made during the implementation period. The SVDP is available for both resident and non-resident taxpayers, including:

• New taxpayers that have never declar…