Additional Tax Account Codes (TAC) and Deposit Type Codes (DTC)
- April 12, 2022
- Posted by: Administrator
- Category: Tax News
On 21 March 2022, the Director General of Taxes (“DGT”) issued announcement letter No PENG-6/PJ.09/2022 (“PENG-6”) regarding the Addition of Tax Account Codes (TAC) and Deposit Type Codes (DTC).
In PENG-6, there are several additions and changes for the TAC and DTC codes, for the following circumstances:
- the Voluntary Disclosure Program;
- administrative sanctions for Unification Tax Returns;
- the imposition of VAT and Sales Tax on Luxury Goods in Free Trade Areas and Free Ports;
- Tax Borne by the Government; and
- changes in the description of DTC for the imposition of administrative sanctions for tax non- compliance.