Instalment Payment CP204
Registered Companies, Limited Liability Partnerships, Trust Bodies and Cooperative Societies which are dormant and/or have not commenced business operation are not required to furnish tax estimate (Form CP204).
For existing companies, the estimated tax payable has to be paid in equal monthly instalments beginning from the second month of the basis period for a year of assessment.
For new companies, instalment payments will commence in the 6th month of the basis period for the year of assessment i.e. Payable in the 6th month after the company commences operations.
All companies required to pay their monthly instalment by the 15th day of each month.
Balance of Tax Payment
After the actual tax payable of a company been assessed, the balance of tax payable (if any) after deducting total instalments paid on the tax estimate, has to be paid within 7 months from the close of the accounting period or the last day of any allowed extension period.
Penalty Under Instalment Scheme
AMOUNT OF TAX TO BE INCREASED = [ ( AT - ET ) - ( 30% x AT ) ] x 10%
where: AT: actual tax payable
ET: revised estimated tax payable or original estimated tax payable (if no revised estimate furnished)
Penalty for Late Payment
If the balance of tax payable is not paid by the due date, a 10% penalty will be imposed on the outstanding amount.
Appeal on Penalty
A company disagree with the imposition of late payment penalty may within 30 days of the issuance of statement of account, submit a written appeal to the relevant IRBM branch (Collections Unit).
Company will still be required to pay the tax liability even if the company submit an appeal against an assessment.
Tax Payment Via ByrHASiL Through FPX Services
The e-payment portal at IRBM website enables taxpayer to pay income tax through FPX gateway. User need to register for internet banking service with any commercial banks listed as FPX associate.
Payment can be made online at IRBM website www.hasil.gov.my by clicking ‘Perkhidmatan ezHasil’ > ‘ByrHASiL’
Tax Payment Using Credit Card / Debit card Via ByrHASiL
Taxpayer can pay Income Tax and Real Property Gains Tax (RPGT) online using credit or debit card at ByrHasil portal : https://byrhasil.hasil.gov.my/creditcard/
Tax payment at IRBM’s Payment Counter
Inland Revenue Board Malaysia (IRBM) has restricted the type of services being provided at its Payment Counter in Kuala Lumpur, Kuching and Kota Kinabalu. The changes was in line with government policy to increase the usage of electronic payment medium and improving the effectiveness of tax collection process.
Effective from 1st April 2021, IRBM Payment Counter only accept limited type of payment as listed below:
Payment of other taxes were no more accepted at IRBM Payment Counter but instead can be paid through other available options:
Tax Payment Using Credit and Debit Card at IRBM Payment Counters
IRBM Payment Counters at Kuala Lumpur, Kota Kinabalu and Kuching can accept tax payment using credit and debit card.
All VISA, Mastercard, American Express credit cards and debit cards issued in Malaysia can be used for tax payment.
The type of tax payments that can be paid using credit and debit cards at IRBM Payment Counters and the payment codes are as listed below:
Payment by Post / Courier
Effective from 1st January 2021, IRBM no longer accept income tax payments using cheque sent by post or courier. The shift in policy intend to increase the usage of e-payment method provided by the IRBM and to eliminate bounced or dishonoured cheque.
However, the restriction not applicable on several payments that currently not yet available through online method:
Payment send by post has to be made using crossed cheque/bank draft and made payable to "THE DIRECTOR GENERAL OF INLAND REVENUE". Taxpayer must provide name of the company, tax reference number, instalment number, year of assessment and their address at the back of the cheque.
Post-dated cheques and cheques issued by banks outside Malaysia are not accepted. Payment by cash should not be send by post. Cheque/bank draft has to be submitted to IRBM Payment Centre In Kuala Lumpur, Kota Kinabalu or Kuching.
Tax Payment Services via IRBM Collection Agents (Banks and Post office)
a) Payment over the counter
Tax payment can be made by cash, cheques and Direct Debit for individuals and companies at various bank branches throughout Malaysia;
Certain charge/fee will be imposed by Banks for cash and cheque payments at service counters as shown at the above table.
‘The Bank-In Slip’ provided at the bank counter must be completed for payment purposes and the copy must be kept as proof of payment. IRBM will not issue payment receipts for payment made at the bank.
b) Payment via internet
Income Tax, Real Property Gains Tax (RPGT) and Monthly Tax Deduction (MTD) can be paid through electronic banking channels of various commercial banks which have been appointed as direct tax collection agent:
Acknowledgment receipt issued through internet banking must be kept as proof of payment.
c) Payment of Income Tax Through Monetary Transfer From Overseas
Payment of income tax from oversea can be performed in two methods:
Payment via Telegraphic Transfer (TT) / Transfer Interbank Giro (IBG) / Electronic Fund Transfer (EFT)
Taxpayers who have made payment via telegraphic transfer must furnish the following additional information to enable IRBM to update their tax account:
Official receipt will be issued on the amount received from the bank and after the complete payment information received by IRBM. Receipt issuance process will be delayed for payment with incomplete information and late payment penalty could be imposed.
By Bank Draft
Payment of income tax through monetary transfer using bank draft requires the payer to submit the following instrument:
Payer may purchase bank draft in other than Malaysian Ringgit (RM) but must ensure that the amount paid are accurate and exact based on the exchange rate on payment day. Payment will be recorded based on exchange rate on the day it was credited. Payment and payer details must be written clearly at the back page of the bank draft and posted to:
Inland Revenue Board Malaysia
Kuala Lumpur Payment Centre
Ground Floor, Block 8A
Government Offices Complex,
Jalan Tunku Abdul Halim
50600 KUALA LUMPUR, MALAYSIA
Tax Payment Code at Commercial Banks and Post Office which have been appointed as IRBM collection agent are as listed below:
The payment service charts for IRBM Collection Agents are as follows:
SERVICE CHARTS FOR IRBM COLLECTION AGENTS
IBG* (using MTD/CP39 account number)
Cash Only** - upon submission of MTD data via e-PCB or e-Data PCB system
Internet Banking*** - MTD data filling and payment through online banking
Application To Pay Balance of Tax by Instalments
If company unable to pay their balance of tax by the due date, the company can apply to pay the balance by instalments. The company can submit their request to IRBM Collection Unit, in writing before the due date for payment. However, even if the request is accepted, late payment penalty will still be imposed.
Enquiry of Tax Position
Detailed Payment Records
Enquiry regarding any payment records can be made by calling the collection unit of IRBM branch that handling taxpayer file.
Contact IRBM's Branch
Hasil Care Line
Application of Tax Position
Taxpayer that require a statement of their tax position/ledger, can call or write to the collection unit of IRBM branch that handling their tax file.
Contact IRBM's Branch