DuitNow Tax Refund

DuitNow Tax Refund

DuitNow is now a refund option for taxpayers without having to provide their bank account details to IRBM.

i. 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,

It is applicable to those who have submitted their Income Tax Return Form for the YA2021.

ii. What is DuitNow?

- DuitNow is a latest inter-bank money transfer method.

- It uses only MyKad Number or Passport Number as an ID

iii. Why DuitNow?

- Easy and safe

- Real-time transfer

- No transaction limits

iv. How to Use DuitNow for Tax Refund?

• To register DuitNow with the respective banks by using MyKad Number or Passport Number as Identity Number.

• However, DuitNow registration using a mobile phone number will not be accepted by IRBM for tax refund purposes

• 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.

• 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.

Source:

DUITNOW AS A MEDIUM FOR TAX REFUND

HASiL_MR_28_March_2022_LAUNCHING_OF_DUITNOW_AS_A_MEDIUM_FOR_TAX_REFUND.pdf

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