Malaysians have initiated 2,400 tax payments online worth a combined 658,000 ringgits (US$202,428 or 164,991 euros) through a service the country’s postal service operator, Pos Malaysia Bhd, launched April 15, an official from the Internal Revenue Board tells PaymentsSource.
Taxpayers may pay their taxes at no charge using their online-banking accounts or debit cards from Hong Leong Bank Bhd, CIMB Bhd., Bank Rakyat Bhd., EON Bank Bhd., Affin Bank Bhd., Bank Al-Rajhi Bhd. and Bank Islam Bhd.
“The online service has assisted the Internal Revenue Board in handling the rush of taxpayers who do not want to be standing in long queues at collection centers close to the payment deadlines,” he says. “We expect to sign up more banks to handle more tax payments.”
Taxpayers also may pay taxes online using the tax board’s Financial Process Exchange website, which links with six banks, he adds.