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Monday, June 12, 2023

LHDN no longer accepts cheques, money order as tax payment

 


PUTRAJAYA: The Inland Revenue Board (LHDN) is no longer accepting cheques and money orders/postal orders as instruments for direct tax payments at all its receipt management centres, stamp duty payment counters, banks and post offices, which have been appointed as its collection agents beginning June 1.

It said, however, an exemption was given to advance payments and instalments for audit, investigation and civil law cases using cheques/post-dated cheques submitted to LHDN before Aug 1, 2023.

Payment of a 2% tax deduction against the payment of commission by the paying company to an agent, dealer or distributor under Section 107D of the Income Tax Act 1967 is also exempted from this rule, it said in a statement today (June 12).

According to LHDN, payment channels affected are payment counters in Kuala Lumpur, Kuching and Kota Kinabalu; payment counters and cheque deposit machines at banks and post offices appointed as collection agents; payments delivered via post or courier; and the stamp duty payment counter at its satellite offices or state stamp duty offices.

After Aug 1, direct tax payments at its centres and collection agents using bill number or Tax Identification Number (TIN) can be made via bank draft or cash, it added.

“Payment for stamp duty at the satellite offices or state stamp offices after July 1, 2023, can only be made using bank drafts. Direct tax payments using the bill number or TIN can be made via LHDN’s MyTax Portal at https://mytax.hasil.gov.my. or its agent banks’ Internet banking portal," it added.

It can also be paid in cash at post offices and agent banks; agent bank cash deposit machines; selected agent bank automated teller machines; or through telegraphic transfer, electronic fund transfer or interbank giro transfer using the e-TT System for taxpayers with bank accounts in Malaysia as well as those with bank accounts outside Malaysia, it added. - Bernama

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