“If they do not come forward to declare their overseas income under the Special Voluntary Disclosure Programme , then they may likely face a not-so-friendly welcome from the tax authorities,” he said when replying to a supplementary question by Wong Kah Woh .
Amiruddin said the SVDP was targeted at those who had overseas accounts but had not declared or under-declared their incomes.He noted that there was an understanding between members of the Organisation for Economic Cooperation and Development countries to share banking information through its Automatic Exchange of Information system.
Damn.!
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