IRB to impose salary deduction for PTPTN loan repayment in 2012

KUALA LUMPUR, Dec 27 – The Inland Revenue Board (IRB) is expected to implement the automatic salary deduction on borrowers of loans from the National Higher Education Fund Corporation (PTPTN) from January 1, 2012.
IRB director-general and chief executive officer Tan Sri Hasmah Abdullah said the board was jointly drafting the law, system and operation with the corporation to enable it to recover the loans more effectively.
“The draft, which is being fine-tuned, will be brought to Parliament the latest by June next year,” she said at the closing of the IRB’s electronic revenue accounting system (eRAS) project, here, today.
Hasmah said the law was important to enable the IRB take appropriate action if borrowers failed to repay their PTPTN loans.
She said for the time being, the borrowers could voluntarily pay up their loans in instalments at the IRB offices since it was one of the repayment channels.
The IRB has been given the responsibility to be a collecting agency in order to overcome the problem of borowers’ loan arrears faced by the corporation.
Earlier, Hasmah said IRB would implement eRAS with six modules, namely e-Lejar, e-BayarBalik, e-Kutipan, e-Akaun, e-Penyata and EIS.
The system is made available by Century Software (M) Sdn Bhd, after the agreement to develop it was signed two years ago.
Hasmah said the system was aimed at improving service delivery to tax payers and assisting the board’s officers carry out their tasks more efficiently.
“The e-Penyata is vital as it is able to issue statements of accounts to tax payers when the issue of supplementary assessment or less assessment is raised,” she said.
The IRB has set up a call centre for any enquiry on eRAS at 1-300-88-3010. – Bernama