Wednesday, December 29, 2010

IRB to recover PTPTN loans

KUALA LUMPUR: The Inland Revenue Board (IRB) is expected to implement automatic salary deduction on loan borrowers from the National Higher Education Fund Corporation (PTPTN) from Jan 1, 2012.

IRB director-general Tan Sri Hasmah Abdullah said the board was drafting the law, system and operation with PTPTN to enable it to recover the loans more effectively.

“The draft, which is being fine-tuned, will be tabled in Parliament by June next year,” she said at the closing of the IRB’s electronic revenue accounting system (eRAS) project here yesterday.

Hasmah said the law was important to enable the IRB to take appropriate action if borrowers failed to repay their PTPTN loans.

She said for the time being, the borrowers could voluntarily pay their loans in instalments at the IRB offices since it was one of the repayment channels.

The IRB has been given the responsibility as a collecting agency to overcome the problem of arrears faced by the corporation.

Earlier, Hasmah said the IRB would implement eRAS with six modules, namely e-Lejar, e-BayarBalik, e-Kutipan, e-Akaun, e-Penyata and EIS.

She said the system was aimed at improving service delivery to taxpayers and assisting the IRB officers to carry out their tasks more efficiently.

“The e-Penyata is vital as it is able to issue statements of accounts to taxpayers when the issue of supplementary assessment or less assessment is raised,” she said.

The IRB has set up a call centre on eRAS at 1-300-88-3010

*Taken from NST Online

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