Q：
|
How can I open a TRC Account?
|
A：
|
You can apply to open a TRC Account in writing through the Form IR1306. After processing your application, Inland Revenue Department (“IRD”) will notify you of your TRC Account Number.
|
Q：
|
How can I redeem TRCs for cash?
|
A：
|
You can do so by completing and returning to IRD a redemption form (Form IR1333).
|
Q：
|
If I redeem for cash TRCs in my account, when can I expect to receive the refund?
|
A：
|
It normally takes 9 working days during July to December and 12 working days during January to June.
|
Q：
|
Can I redeem for cash TRCs in my account and yet earn interest?
|
|
A：
|
No. Only TRCs redeemed for settlement of your tax liabilities can earn interest.
|
Q：
|
Do I need to notify IRD if I wish to redeem the TRCs in my account for settlement of my tax liabilities?
|
A：
|
TRCs will be redeemed automatically on a First-In-First-Out basis for settlement of your tax liabilities. About 2 weeks before the tax due date, IRD will send a ‘proposal for redemption’ to you showing details of certificates intended to be redeemed and any tax liabilities to be settled separately.
|
Laman Utama
Soalan Lazim
SOALAN LAZIM
