Can Customs meet RM2 billion VA Programme target by September?

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Ministry of Finance Confident Customs Department Will Meet Voluntary Disclosure Programme Target

The Ministry of Finance (MoF) anticipates that the Royal Malaysian Customs Department will successfully collect between RM1 billion and RM2 billion through the Voluntary Disclosure and Amnesty (VA) Programme by September 30, 2022. Minister Datuk Seri Tengku Zafrul Abdul Aziz expressed this confidence, highlighting the department's mandate to implement this tax reform initiative aimed at encouraging voluntary and accurate tax reporting.
VA Programme Aims to Boost Tax Compliance

The VA programme represents a strategic effort by the government to enhance tax compliance. By providing an amnesty and encouraging voluntary disclosures, the initiative seeks to bring previously unreported taxes into the official collection system. The target collection window extends from early 2022 until the end of September, with the MoF optimistic about achieving the stated financial goals.
Customs Department Plays a Crucial Role in Revenue Collection

The Royal Malaysian Customs Department is identified as a key agency in driving government policies and initiatives, contributing significantly to national economic recovery plans. Its responsibilities extend beyond the VA Programme, including the administration of penalty remissions and exemptions on various taxes such as sales tax, service tax, tourism tax, and export duty. The department's effectiveness is seen as vital for improving overall revenue collection.
Factors Supporting Target Achievement

Several factors underpin the MoF's optimism. The country's trade volume has shown substantial growth, exceeding RM2 trillion for the first eleven months of 2021, with exports valued at RM1.1 trillion and imports at RM894 billion. This upward trend in trade is expected to continue as global and domestic economies recover. Furthermore, the planned deployment of modern physical assets, including advanced scanners and fast patrol boats, is anticipated to enhance the department's operational capabilities and contribute to achieving higher targets.
Innovation and Human Capital Development

Beyond physical assets, the MoF stresses the importance of fostering a more innovative culture and developing human capital within its agencies. This includes cultivating a workforce capable of strategic and systematic operations, coupled with the increased adoption of technology. Such advancements are seen as essential for providing better safeguards and ensuring continued success for major MoF agencies like the Customs Department, reinforcing its role as a significant contributor to the nation's revenue.

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Can Customs meet RM2 billion VA Programme target by September?

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