With effect from 1 April 2022, an e-Telegraphic Transfer (eTT) system has been implemented for the payment of:
- Income Tax,
- Petroleum Tax,
- Real Property Gains Tax (RPGT),
- Compound Payment,
- Public Entertainer Tax (Seniman Kembara), and
- Withholding Tax (WHT)
through Telegraphic Transfer (TT), Electronic Funds Transfer (EFT), and Interbank GIRO Transfer (IBG) methods from within and outside Malaysia.
There are a total of 18 questions that are presented in the form of frequently asked questions (in the Bahasa Malaysia version) on the implementation of the e-TT system for TT, EFT, and IBG payment methods issued in March 2022.
English version of the Frequently Asked Questions
The English version of the Frequently Asked Questions (“FAQ”) has been uploaded by the Inland Revenue Board of Malaysia at https://mytax.hasil.gov.my > ezHasil Services > e-TT > FAQ.
The differences between the two versions are that the English version has added 2 additional frequently asked questions as follows:
These Frequently Asked Questions can be found here:-
Footnotes
Companies that make payments in monetary form to agents, dealers and distributors arising from sales, transactions, or schemes carried out will be required to withhold tax at a rate of 2% on the gross amount beginning on January 1, 2022, under the provisions of Section 107D of the Income Tax Act 1967, which was introduced into the act as a result of the Finance Act 2021 and became effective on January 1, 2022.
Press Release
The announcement of the following administrative requirements was made in a press release released by the Inland Revenue Board (IRB) on July 9, 2022:-
- Companies that make payments to agents, dealers and distributors are expected to compute the total WHT applicable for a specific month (i.e., on a monthly basis) and submit the accumulated amount to the IRB by the end of the following month.
- For instance, the WHT for payments that were made to agents, dealers and distributors in the month of October 2022 (i.e., from the 1st of October 2022 to the 31st of October 2022) needs to be remitted to the IRB by the 30th of November 2022.
According to these FAQs, any payments made according to Section 107D (Deduction from Commission) are not permitted to be carried out through the e-TT system.
A special electronic payment system will be developed to handle payments made under Section 107D.
Before sending in their WHT payments, businesses are obliged to provide the most latest version of Form CP107D (Pin 2/2022) and Appendix CP107D(2) to the appropriate IRB payment centres in the form of an email.
When you pay the withholding tax, you must give the payment centre a copy of the email so they can check and ensure everything is correct.
The e-mail addresses of the respective payment centres are as outlined below:
- Kuala Lumpur payment centre:
- Kuching branch:
- Kota Kinabalu branch:
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