Hottest Online News Portal

IRB Vouchers For Taxpayers

in Latest

KUALA LUMPUR – Vouchers will be given to individual taxpayers reluctant to disclose their bank account numbers to the Inland Revenue Board (IRB) to get reinbursements.

IRB corporate services department director Marina A. Aziz said the tax reimbursement voucher would be introduced from April 1, replacing cheques.

She said there was a cost for issuing each cheque, as well as the matter of attempted fraud to deal with.

Five cases of fraud were detected last year, involving reimbursements totalling about RM200,000.

“Some gave fake addresses while others gave incomplete addresses, causing cheques to bounce and the method to be less effective,” said Marina.

The voucher system would save IRB about RM250,000 in the cost of issuing the cheques annually, she said, adding that the method was also more secure as it required biometric verification.

“We encourage taxpayers to give us their bank account number as we believe the way forward is electronic fund transfers. But for those who do not, we will issue the voucher instead,” she said.

The implementation will be done gradually with the first phase involving individual taxpayers, excluding army and police personnel.

A voucher can only be cashed or credited to a taxpayer’s bank account at CIMB Bank or CIMB Islamic.

Marina said some 350,000 taxpayers were reluctant to disclose their bank account numbers to the IRB because it was sensitive and confidential personal information.

But she gave an assurance that the information would be kept private and confidential, saying it would only be used for reinbursement.

“It is safe. We do not use the information for other purposes,” she told reporters after delivering a keynote address at the IRB –Chartered Tax Institute Of Malaysia Tax Forum 2016 here yesterday.

She admitted that the number of such taxpayers was “a big figure”.

“For the process to be quick, effective and costless, we introduced electronic fund transfers and that is the best method.”

Taxpayers can start filing their returns for the year 2015 this month. The deadline for individual taxpayers who do not run a business is April 30.

For more information, log on to – The Star Online


Latest from Latest

Go to Top