It has been reported in the newspapers that certain people or organisations which took part in the Special Voluntary Disclosure Programme (SVDP), which was introduced by the previous Pakatan Harapan Government, in relation their tax reporting have since received letters from the Inland Revenue Board (IRB) intending to reassess the tax reporting under the SVDP. The relevant news reports may be found here:

• Govt’s move to investigate past years’ taxes will affect investors’ trust _ Malaysia _ Malay Mail
• 纳税人接税收局信件要重新审查
• 自愿申报特别计划U转　可带上法庭挑战 _ 国内 _ 東方網 馬來西亞東方日報

If you or your company have received such letters or notifications, you may wish to consider taking legal advice so as to protect you or your company from any penalty potentially imposed by the IRB.

If you have any questions, kindly do not hesitate to CONTACT ETCoLaw.