Deadline to submit tax returns extended by two months

Picture from The Star

By John Isaac

THE last day to file the various income tax return forms has been extended by two months from the original deadline.

The Inland Revenue Board (IRB), in a statement announced that the move was to facilitate the submission of tax returns affected by the movement control order starting Wednesday (March 18) until March 31.

The statement said tax payers are also urged to submit their BNCP forms and tax payments via IRB’s online platform, ezHASIL.

IRB said all its premises in the country would be closed during the movement control order period.

Tax payers who have problems with income tax issues, especially on filling in and submitting tax return forms can make enquiries via the Hasil Care Line at 03-8911 1000 or +603-8911 1100 (overseas).

Meanwhile, according to The Edge, Malayan Banking Bhd (Maybank) is offering financial relief that includes restructuring and rescheduling of financing to its customers who are impacted by the ongoing Covid-19 outbreak.

In a recent statement, Maybank said the relief also includes moratorium on loan repayments for up to six months.

“The financial relief will be open to both its business and SME customers as well as individuals affected by the current situation, and will be assessed on a case-to-case basis,” Maybank said.

Maybank group president and CEO Datuk Abdul Farid Alias said in the statement the financial services provider understands that this sudden turn of events arising from the virus outbreak has impacted some of its customers across various industries, and also individually.

“As their financial partner, we would like to do our part and help relieve them from added distress during this difficult period, in line with our mission of humanising financial services,” Abdul Farid said.

Abdul Farid said affected customers were welcome to contact their branch officers or relationship managers to discuss possible solutions to overcome any financial challenges they may be facing.

“Should the situation persist, the bank will consider the possibility of extending the moratorium and financial relief for a longer period,” he said.

In the statement, Maybank said that in addition to the financial relief by the group, its insurance arm Etiqa will provide hospitalisation coverage to its life insurance and family takaful policyholders that fall ill from the coronavirus.

Earlier, RHB Bank Bhd and RHB Islamic Bank Bhd had also activated a financial relief programme to provide assistance to customers affected by the 2019 Novel Coronavirus (2019-nCoV) outbreak.

RHB Bank and RHB Islamic Bank are offering affected customers a moratorium of up to six months for monthly installment payments of loans and financing.

“We empathise with our customers who are affected by the 2019 Novel Coronavirus outbreak.

“Our financial relief programme is effective from 11 February 2020 onwards, and we trust that it will help lighten their financial burden during this trying period,” RHB Banking Group group managing director Datuk Khairussaleh Ramli said in a statement.