KUALA LUMPUR: The Inland Revenue Board’s (LHDN) Special Voluntary Disclosure Programme (SVDP) 2.0, which will run from June 1 2023 to May 31 2024, also targets ‘Tiktokers’ and social media influencers as individual taxpayers.
LHDN chief executive officer Datuk Dr Mohd Nizom Sairi said the SVDP 2.0 is the best opportunity for ‘Tiktokers’ and influencers to come forward to be registered and report their taxable income through voluntary disclosure in good faith with no penalty.
“We actually have a special initiative for the ‘influencers’ category, where we will meet and engage with them to understand and get feedback on what form of income they receive.
“We provide advisory services to educate and give awareness to these people to come forward and tell them how to report income in this sector.
“Because they are in a public environment, (this is) a reminder and not a warning in that the LHDN sees what is happening (social media earners being untaxed in the shadow economy), so come forward, this is the best opportunity in this SVDP -- come forward and we start on a good footing for the future together,” he said after a panel discussion of the Deloitte TaxMax programme -- The 48th Series, here today.