New TAeF 2.0 LHDN

 New TAeF 2.0 LHDN

New TAeF 2.0 Coming Soon!

IRB has shared some exciting news! A new and improved tax system called TAeF 2.0 will start in November 2023.

Why is this happening?

They want to make tax services better and easier to use online through a portal called MyTax.

Challenges with TAef 1.0:

1. Multiple users have been utilizing the same tax agent ID for tax submissions.

2. Tax agents have been able to make submissions even with expired licenses.

3 .IDs of deceased tax agents remain active, allowing others to make submissions using these IDs.

4. A lack of control existed, enabling firm administrators to register multiple user IDs per individual.

Key Improvements in TAef 2.0:

1. Enhanced access control

Tax agents, with taxpayer permission, can access specific taxpayer profiles, like e-ledgers and refund statuses, directly via MyTax.

2. Improved user experience

Tax agents managing multiple accounts can seamlessly switch between them without the necessity of constant logins and logouts.

3. Submission simplification

Tax agents will perform submissions through their MyTax accounts, centralizing the process and making it more efficient.

What Do You Need To o?

If you are a tax agent or run a tax firm, you need to:

1. Update your personal details

2. Get a digital certificate

3. Join sessions to learn how to use the new system

Key Takeaways

1. You'll log in on the MyTax portal. Make sure you have a TIN and a digital certificate.

2. If you don’t have a TIN, get one here by 30th September 2023.

3. Only approved tax agents can send tax forms online. Make sure your tax agents are set up correctly in MyTax.

4. The new system will look better and have more helpful features.

Remember These Dates

Update your details by 31st August 2023.

Register for your TIN by 30th September 2023.

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