Second finance minister Amir Hamzah Azizan said the government received 141,406 undeclared tax disclosures, of which 102,572 were by individuals, 27,707 were by companies and the rest by associations.

“We have exceeded our target of RM1 billion from this exercise. There are no plans to extend the programme,” he said in response to a question from Isam Isa (BN-Tampin) about the revenue generated from the programme.

The Inland Revenue Board (LHDN) conducted the programme from June 6, 2023, to May 31 this year to allow the public to voluntarily declare individual, business or additional income that had not been reported before.

Those who voluntarily come forward during the period faced no legal action, audit or penalties. The first iteration of the programme between November 2018 and September 2019 saw RM7.88 billion in taxes and penalties collected.

LHDN hit its highest tax collection ever last year, receiving RM183.3 billion – an increase of RM7.8 billion, or 4.49%, from 2022.

Separately, Amir said the customs department received RM229 million in undeclared duties through the programme, paid by individuals and companies.