KUALA LUMPUR (Nov 26): The Inland Revenue Board will stop receiving payments made via posted cheques from Jan 1 next year. In a statement today, IRB said from that date, tax payments can be made via its official website www.hasil.gov.my, banking portals, counters at IRB payment centres, counters of appointed banks, cheque or cash deposit machines or ATMs. “However, this stoppage does not apply for Property Gains Tax, Public Entertainers Income Tax (Seniman Kembara), Witholding Tax and compounds,” the statement said. “All bank confirmation slips or e-payment slips must be kept in good condition as proof of payment,” it said. To avoid late payment, IRB advised taxpayers or their representatives to heed this new move and speed up mailing of cheques before Jan 1, 2021.

Source: The Edge Markets November 26, 2020 06:00 UTC