DuitNow is now a refund option for taxpayers without having to provide their bank account details to IRBM. Read the full story in our blog https://lnkd.in/e6b2emz6 𝐕𝐢𝐬𝐢𝐭 𝐮𝐬 Wisma 𝐊𝐓𝐏, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru Wisma 𝐓𝐇𝐊, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru 𝐊𝐓𝐏 (𝐀𝐮𝐝𝐢𝐭,𝐓𝐚𝐱, 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲) An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients Website www.ktp.com.my Instagram https://bit.ly/3jZuZuI Linkedin https://bit.ly/3sapf4l Telegram http://bit.ly/3ptmlpn 𝐓𝐇𝐊 (𝐒𝐞𝐜𝐫𝐞𝐭𝐚𝐫𝐢𝐚𝐥, 𝐁𝐨𝐨𝐤-𝐊𝐞𝐞𝐩𝐢𝐧𝐠/𝐏𝐚𝐲𝐫𝐨𝐥𝐥, 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲) A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource book keeping and payroll services to clients Website www.thks.com.my Facebook https://bit.ly/3nQ98rs

1. 18/05/22
#AskKtpTax
#AskThkAcc
Tax Refund from DuitNow

2. 18/05/22
#AskKtpTax
#AskThkAcc
What is the additional
channel for a tax refund?
With effect from 1 March 2022,
Inland Revenue Board Malaysia
(IRBM) allows individual taxpayers
to choose to receive their tax
refund via DuitNow.

3. 18/05/22
#AskKtpTax
#AskThkAcc
What is the additional
channel for a tax refund?
It is applicable to those who have
submitted their Income Tax Return
Form for the YA2021.

4. 18/05/22
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#AskThkAcc
What is DuitNow?
 DuitNow is a latest inter-bank
money transfer method.
 It uses only MyKad Number or
Passport Number as an ID.

5. 18/05/22
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#AskThkAcc
Why DuitNow?
 Easy and Safe.
 Real-time transfer.
 No transaction limits.

6. 18/05/22
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#AskThkAcc
How to use DuitNow for
tax refund?
 To register DuitNow with the
respective banks by using
MyKad Number or Passport
Number as Identity Number.

7. 18/05/22
#AskKtpTax
#AskThkAcc
How to use DuitNow for
tax refund?
 However, DuitNow
registration using a mobile
phone number will not be
accepted by IRBM for tax
refund purposes.

8. 18/05/22
#AskKtpTax
#AskThkAcc
How to use DuitNow for
tax refund?
.
 The taxpayer is required to
choose this method during
the e-filing submission or
manual submission of their
income tax return form.
 Taxpayers are not required
to provide their bank
account details.

9. 18/05/22
#AskKtpTax
#AskThkAcc
How to use DuitNow
for tax refund?
.
 If the tax refund made
via DuitNow fails, the
refund will automatically
be made via Electronic
Fund Transfer by using
the taxpayer’s bank
account number and
name that is registered
with the IRBM.