BFM 89.9
The Business Station
SVDP 2.0 - How To Tell If You Need To Pay (More) Taxes?
38 mins
·
12:00, 15 Jun 2023
·
Recommended
Guest: Soh Lian Seng, Head of Tax, KPMG
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.
Presenter: Roshan Kanesan, Richard Bradbury
Producer: Roshan Kanesan
Share:
Recent episodes
0
Latest stories
Podcasts · Mar 14 · 8:00AM
Is Kidney Disease On The Rise Among Teens?
52 mins
Podcasts · Mar 14 · 7:00AM
Classical Treasures
25 mins
Podcasts · Mar 14 · 4:00AM
Taobao Speaks Your Language
20 mins
SVDP 2.0 - How To Tell If You Need To Pay (More) Taxes?
38 mins
·
12:00, 15 Jun 2023
Guest: Soh Lian Seng, Head of Tax, KPMG
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.
Presenter: Roshan Kanesan, Richard Bradbury
Producer: Roshan Kanesan
Share:
Recommended
Mar 14
·
52 minsIs Kidney Disease On The Rise Among Teens?
Mar 14
·
25 minsClassical Treasures
Mar 14
·
20 minsTaobao Speaks Your Language
Download app
60,000 other podcasts in your hand
Recent episodes
0
Latest Stories
Podcasts · Mar 14 · 52 mins
Is Kidney Disease On The Rise Among Teens?
Podcasts · Mar 14 · 25 mins
Classical Treasures
Podcasts · Mar 14 · 20 mins
Taobao Speaks Your Language