Page 5 - Disclosure Programme News Today

POINT OF VIEW Lengthy gone are the days where SARS depended only on taxpayer openness in the conclusion

In the Preliminary revenue results announcement earlier this month, the South African Revenue Service (“SARS”) declared unprecedented revenue collection figures arising from taxpayer audits and investigations over the preceding tax year. In his compliance address, SARS Commissioner Edward Kieswetter (“Kieswetter”) reported 854 strategic taxpayer audits being conducted during the 2022/2023 tax year which yielded R5.4-billion in additional revenue collection. Notably, targe...

KUCHING (April 5): The Inland Revenue Board’s (IRB) Special Voluntary Disclosure Programme (PKPS) starting June will allow taxpayers who have not paid or declared their income in past years to do so without incurring penalties. IRB chief executive officer Datuk Dr Mohd Nizom Sairi said PKPS is ta

How did the Sars revenue collection go during the past financial year during one of the most difficult economic times ever?

PETALING JAYA, March 15 — The government is engaging all stakeholders actively and extensively in reviewing several taxes, including the excise duty on premixed beverages and the...

Budget 2023, with an allocation of RM388.1bil, is an expansionary one by a mile, being 17% higher than the previous one, but with a lower deficit at 5% compared to 5.6% in 2022.

KUALA LUMPUR: Some 50,000 new and existing taxpayers with a total assessment of RM1bil are expected to participate in the Inland Revenue Board (IRB) Special Voluntary Disclosure Programme (PKPS) beginning June 1, 2023 until May 2024.

Those who have been flying under the radar may find they are now visible to the revenue service.

Wants to make it easy and simple for trusts to be compliant.

The net is closing ....