PUTRAJAYA – The maximum limit for income tax payments through the Financial Process Exchange (FPX) method has been increased with immediate effect, making it easier for people to pay online.
The Inland Revenue Board (IRB) in a statement today said for business-to-business (B2B) transactions, the maximum limit has been increased from RM1 million to RM100 million, while the limit for business-to-consumer (B2C) has been upped from RM30,000 to RM500,000.
“The new transaction limit applies to the payment of income tax through ByrHASiL, which can be accessed through the official portal www.hasil.gov.my and also internet banking via each bank appointed as an IRB collection agent.”
However, it said, the limit on transactions is still subject to the maximum withdrawal limit set by the customer’s bank.
In this regard, taxpayers are advised to consult and obtain approval for the permitted transaction limit from their respective banks in advance.
Inquiries and feedback can be forwarded to IRB through its Hasil Care Line at 03-8911-1000 or 603-8911-1100 (overseas), or the HASiL Live Chat and feedback form on the agency’s portal. – Bernama, June 20, 2021
