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Tax Digest 3/2022 - INTRODUCTION OF E-TT SYSTEM FOR TELEGRAPHIC TRANSFER (TT) / ELECTRONIC FUNDS

IRB has introduced new e-TT system where a unique account number (i.e. Virtual Account Number) will be generated as a payment identification for each taxpayer • ·This will enable IRB to trace the funds transferred via electronic mediums by taxpayers to IRB’s accounts • Therefore, taxpayers who wish to make payments to the IRB through Telegraphic Transfer, Electronic Funds Transfer and Interbank Giro are required to get a Virtual Account Number from the IRB

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