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:  government,  managing,  financial wellness

Tags:  tax fillings,  lhdn,  svdp,  tax,  government,  irb, 


Latest Podcasts




Play / Pause

Listen now : BFM 89.9 -- The Business Station

Today’s Shows



11:00 AM

Best of Enterprise

(REPEAT) How do we end the year on a high without relying solely on bonuses, pay rises, or one-off rewards? Yeoh Chen Chow, Founder of 1% Advisory and Coaching shares his thoughts.

12:00 PM

Just For Kicks

(REPEAT) Sean Malhotra and Bob Holmes join Daryl Ong to talk about football during the festive period - they look ahead to Matchweek 17 of the English Premier League.

1:00 PM

A Bit of Culture

(REPEAT) Matt Armitage and Zan Azlee join Kam Raslan to talk about British India curry, five star ratings and children's sports day.

2:00 PM

Ringgit & Sense

(REPEAT) Felix Neoh, Director of Financial Planning at Finwealth Management answers listeners questions about credit cards.

2:30 PM

The Property Show

(REPEAT) Recap of Property Show on Pest Management episodes in 2025.

3:00 PM

Best of The Bigger Picture

(REPEAT) We speak to feminist ethnographer Maria do Mar Pereira about some myths surrounding feminism, what the movement truly stands for, and whether it can benefit men, as well.

4:00 PM

Best of Evening Edition

(REPEAT) How do you deal with (and survive) family conflict during the holidays? A counsellor shares tips to defuse and de-escalate tense situations.

5:00 PM

BBC World Service

Dr. Sonia Gandhi, a renowned scientist working on slowing down the effects of Parkinson disease, shares her journey so far with Professor Jim Al-Khalili on The Life Scientific.