KTP & Company PLT

Key Takeaways :

1. Online appointments for representatives :
Starting from 1 January 2023, Company Directors can use MyTax to appoint representatives online.

2. Eligibility for representatives :
Representatives must be equipped with both a Tax Identification Number (TIN) and an Individual Digital Certificate to be eligible for appointment.

3. Document verification by IRBM :
IRBM reserves the right to request a formal letter of appointment using the official company/organization letterhead, which should be signed by the Board of Directors.

4. Limitless appointments with accountability :
While a Company Director can appoint an unlimited number of representatives in MyTax, the Director remains accountable for each appointment.

5. Equal access for data entry :
Both Directors and their representatives, when in the same appointment hierarchy, have the ability to make data entries and access the e-Form for the corresponding assessment year.

6. Restricted rights for representatives :
Appointed representatives can view and input data but do not have the capability to send or sign the e-Form.

7. Exclusive submission rights for directors :
Only Company Directors in MyTax have the authority to submit and sign the e-Form, as stipulated in Section 75(1) of the ITA 1967.

8. Data overwrite concern :
MyTax’s system overwrites data with the most recent entries. As such, Directors must ensure the accuracy and completeness of the data before finalizing and submitting the e-Form.

9. Phased extension of function :
While this function is currently applicable to e-C and e-PT forms for the 2022 and 2023 assessment years, it will gradually be made available to other e-Forms for designated assessment years.

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I’m Koh Teck Peng

Welcome to my blog, I’m the founder and principal of KTP & Company PLT. My journey in the accounting profession has been driven by a passion for numbers and a dedication to helping businesses succeed. With over 25 years of experience, I’ve had the privilege of working with a wide range of clients, from small startups to large corporations, providing them with the financial insight and strategic guidance they need to thrive.

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