Malaysia: New e-telegraphic transfer system for tax payments

A new e-telegraphic transfer system that will generate a unique account number for tax payments

New e-telegraphic transfer system that generates a unique account number for tax payments

The Malaysian Inland Revenue Board (MIRB) has introduced a new e-telegraphic transfer system that will generate a unique account number (virtual account number) per transaction and will assist the MIRB to trace the electronic transfer of funds by taxpayers to its accounts and to identify the taxpayers. 

Effective 1 April 2022, taxpayers who wish to make payments through telegraphic transfer, electronic funds transfer and interbank giro, either from within or outside Malaysia, are required to obtain a virtual account number.

The virtual account number generated under the e-telegraphic transfer system applies to the following types of taxes:

  • Income tax
  • Withholding tax (although currently not applicable for withholding tax payments under sections 107D and 109DA of the Income Tax Act, 1967)
  • Petroleum income tax
  • Compound
  • Public entertainer
  • Real property gains tax (section 21B retention sum payment)

The e-telegraphic transfer system and the user manual in obtaining a virtual account number can be accessible under “ezHasil Services” and “user manual” respectively in the MyTax portal. 

Read an April 2022 report prepared by the KPMG member firm in Malaysia

 

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