Online IRB tax payment via BCB

  • Business
  • Tuesday, 25 Jul 2006

KUALA LUMPUR: Bumiputra-Commerce Bank Bhd (BCB) hopes to encourage more people to make electronic payments, said executive director Tunku Ahmad Burhanuddin. 

In line with this, the bank yesterday announced a strategic partnership with Inland Revenue Board (IRB) that would allow BCB account holders to pay personal income tax and property gains tax via Channel-e. 

“Channel-e is also one of our attempts to make payments easier and convenient. 

“To date, we have payment services for over 90 bills, including zakat, quit rent, assessment, water, electricity, telephone and ASTRO,” Tunku Ahmad said after sealing the partnership yesterday. 

Head of retail banking Peter England said the bank currently had about 90,000 Channel-e active users out of 400,000 registered users. 

“Individuals are required to open an account with BCB, obtain Channel-e personal identification number at the automated teller machine (ATM), log in and make their payments,” he said. 

From left: Tunku Ahmad Burhanuddin, BCB chairman Tan Sri Haidar Mohamed Nor and Tan Sri Zainol Abidin at the launch

He added that a minimal fee of 50 sen would be charged for payment to IRB through Channel-e. 

“The bank is also looking at introducing more new online services such as online mobile top-up soon,” he said. 

England added that upon completion of its merger exercise with Southern Bank Bhd, BCB would have an additional 155 Southern Bank’s branches, bringing its retail network to over 400 branches and outlets, and over 1,000 ATMs servicing a combined total of 6.5 million customers. 

“Once the merger exercise is completed, all the online services, including the individual income tax and property gains tax, would be available to Southern Bank customers,” he said. 

Meanwhile, the IRB expects tax collection to increase by 15% this year from last year’s collection of RM56bil. 

Director general Tan Sri Zainol Abidin Abd Rashid said collection had been increasing with the introduction of IRB’s e-filing system. 

“We would like to encourage and educate more tax payers to use the e-filing system,” he said, adding that currently a total of 300,000 tax payers were using the system. 

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