Implementation of E-TT system for Telegraphic Transfer/Electronic Funds Transfer and Interbank Giro Payment Methods

Effective 1 April 2022, IRB introduced electronic payment for compounds, foreign artists tax, withholding taxes and real property gains tax (“RPGT”). Previously, these payments could only be made manually at IRBM offices.
With the introduction of the E-TT, the IRBM system will generate a unique number as payment identification called Virtual Account Number (“VA”). With the VA, taxpayers can complete the payment via Bank Transfer, Payment at Bank’s Offices or Automated Teller Machines (“ATM”).
Taxpayers would no longer be required to make physical appearance to the IRBM offices to fulfill their tax obligations.

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