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How to Pay Tax Instalments
Tax Instalment Payment Method
The below outlines the step by step guide how to make tax instalment payments using BYRHASIL and e-Billing. While these methods are widely used, the Inland Revenue Board of Malaysia (IRBM) offers additional payment options. For a full list of alternatives, please consult the official IRBM website.
Estimating Tax and Payment Schedule
1. Submit Estimate
Companies (Sdn Bhd / LLP) must submit an estimate of their tax payable to the Inland Revenue Board (IRB) using Form CP204.
2. Receive CP205
After submitting CP204, the IRB will issue Form CP205, which outlines the instalment payment schedule. This form serves as the basis for making tax instalment payments.
3. Payment Schedule
- For existing companies: Payments begin from the second month of the basis period.
- For new companies: Payments start from the 6th month of the basis period (i.e., 6 months after commencing operations).
4. Instalment Calculation
The estimated tax is divided into equal monthly instalments based on the number of months in the company's basis period.
Example:
Basis period: 12 months
Estimated tax: RM12,000
Monthly instalment: RM12,000 / 12 = RM1,000
5. Due Date
All instalments are due by the 15th day of each month.
Late Payment Penalty
Failure to remit instalments by the due date results in an automatic 10% penalty on the unpaid amount for that month.
Important Notes
1. The payment schedule is based on the company's basis period, which may differ from the calendar year.
2. Companies must adhere to the payment schedule outlined in Form CP205 issued by the IRB.
3. Timely payments are crucial to avoid penalties and ensure compliance with tax regulations.
Step by Step Guide How to Make Tax Instalment Payments using BYRHASIL and e-Billing
BYRHASIL using TIN NO BYRHASIL using BILL NO e-Billing BYRHASIL using TIN NOTax Instalment Payment by Tax No.
1. Go to https://byrhasil.hasil.gov.my/HITS_EP/PaymentOption?lang=EN
2. Click “Tax Identification Number (TIN)“
3. Select “Tax Identification Number (TIN)” when choosing Identification Type
4. Click “OK“
5. Enter your “TIN Number” next to Identification Number
6. Enter “Security Code“
7. Click “Search“
8. Choose your “Assessment Year“
9. Select “086 – Tax Instalment Payment” when choosing Payment Code & Type
10. Enter “Tax Amount” to be Paid
11. Click “Proceed“
12. Select “FPX“
13. Enter your “Email“
14. Select “Individual Account – B2C” or “Corporate Account – B2B“
15. Select your “Bank“
16. Agree to the “Terms and Conditions“
17. Click “Proceed“
18. Click “Print“
Tax Instalment Payment Successful!
BYRHASIL using BILL NO
Tax Instalment Payment by Bill No.
1. Go to https://byrhasil.hasil.gov.my/HITS_EP/PaymentOption?lang=EN
2. Click “Bill Number“
3. Open CP204 or CP204 or CP205 to find Bill Number
4. Enter “Bill Number” into the website
5. Enter “Security Code“
6. Click “Proceed“
7. Click “FPX“
8. Enter your “Email“
9. Select “Individual Account – B2C” or “Corporate Account – B2B“
10. Select your “Bank“
11. Agree to the “Terms and Conditions“
12. Click “Proceed“
13. Click “Print“
Tax Instalment Payment Successful!
e-Billing
How to make Tax Installment on MyTax Portal
1. Login MyTax
2. Click “Individual”
3. Click “Director of the company”
4. Click your company name
5. Go to ezHasil Services, and choose e-Billing > View TaxPayer Bill
6. Click here: Tax Estimation Advance Bill
7. Tick the installment you wish to pay.
8. Click “Next” and make payment.
