Key tax aspects of Budget 2023
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.
Source: thestar.com.my
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Some 50,000 taxpayers expected to participate in voluntary tax disclosure programme
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.
Source: thestar.com.my
Sars widens its net with next-level auto-registrations
Those who have been flying under the radar may find they are now visible to the revenue service.
Source: moneyweb.co.za
Sars focuses on trusts, particularly those pushing the envelope
Wants to make it easy and simple for trusts to be compliant.
Source: moneyweb.co.za
South Africans in Guernsey, Jersey and the Isle of Man are low-hanging fruit for Sars
The net is closing ....
Source: moneyweb.co.za