The Inland Revenue Board (LHDN) has increased the maximum limit for income tax payments made through FPX, making it more convenient for taxpayers to carry out their transactions online. The new limit will take effect immediately.

In a statement, LHDN clarified that the maximum limit for business-to-business (B2B) and business-to-consumer (B2C) transactions will be updated as such:

Transactions	Existing maximum limit	New maximum limit
B2B	RM 1 million	RM100 million
B2C	RM30,000	RM500,000

“The new transaction limit applies for the payment of income tax through ByrHASiL, which can be accessed on the official portal, and also through the online banking service of all banks that are appointed as LHDN’s collection agent,” the board commented.

Despite this revision, however, the board reminded taxpayers that their transaction limit is still subject to the maximum withdrawal limit that is set by their own respective banks. As such, they will need to first consult their banks and request for approval to increase their personal maximum withdrawal limit before they can tap into the benefits of LHDN’s latest update.

As always, taxpayers with any enquiries and feedback regarding this matter can contact LHDN through its HASiL Careline at 03-8911 1000 or 603-8911 1100 (overseas). Alternatively, you can use the HASiL Live Chat or the feedback form on LHDN’s official portal.

(Sources: LHDN, Malay Mail)

• TAGS:
• FPX
• Income Tax
• Inland Revenue Board
• Lembaga Hasil Dalam Negeri
• LHDN