QUOTE(ysling @ Feb 28 2019, 09:51 PM)
would like to know more
about PROGRAM KHAS PENGAKUAN SUKARELA...
if i did not declare the income long time ago (probably > 20 years ago), then this money was transferred across to overseas...then it grew to bigger amount due to investment (properties, shares...)...do i still have to go for this voluntary declaration?
while waiting for responses,...
maybe these 2 links will allows you to know more....http://lampiran2.hasil.gov.my/pdf/pdfam/GO_012018_01.pdfhttp://www.hasil.gov.my/bt_goindex.php?bt_...nit=1&bt_sequ=1
Q: I have income earned from Malaysia and deposited in a bank account abroad. Is this income subject to tax in Malaysia?
If yes, can I make a voluntary disclosure under the Special Voluntary Disclosure Programme, and what should I do?
A: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.
In line with the implementation of the Automatic Exchange of Financial Accounts Information (Common Reporting Standard), beginning from 2018, the Inland Revenue Board of Malaysia (IRBM) will be receiving the financial accounts information of Malaysian taxpayers held overseas annually.
Such financial accounts include money deposited in bank accounts, interest, dividend, unit trust, cash value insurance contract or annuity contract and proceeds from the sales or redemption of financial assets and shares.
more to continue......http://lampiran1.hasil.gov.my/pdf/pdfam/FAQ_VD_BI.pdfThis post has been edited by MUM: Feb 28 2019, 10:38 PM