,A crackdown on smuggling of high-duty items such as cigarettes will be a priority for the Ministry of Finance in 2022, according to a press statement released today. – The Malaysian Insight file pic, August 31, 2021.
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THE government is considering measures to increase tax revenue through increased compliance as well as address the issue of revenue leakages, especially involving high-duty goods smuggling, cost the country RM5 billion per annum.
In a pre-budget statement, the Ministry of Finance said that among the recommendations in the study is the implementation of the special voluntary disclosure programme (SVDP) for indirect taxes administered by the Royal Malaysian Customs Department.