Puspakom Transactions Requires Tax Identification Number Starting 25 July

Puspakom has announced that starting July 25, customers will need to provide a Tax Identification Number (TIN) for all transactions conducted via MyPuspakom and its branches nationwide.

This new requirement aligns with the Inland Revenue Board’s (LHDN) implementation of the electronic invoicing (e-invoice) system. Said initiative aims to streamline and enhance the national taxation system, promoting transparency in financial and tax matters.

Additionally, while Individual customers must provide their identity card number and TIN, corporate customers will be required to provide their TIN, company registration number, and Sales and Services Tax (SST) number.

Puspakom advises all customers to ensure they have their TIN before making appointments at www.mypuspakom.com.my to facilitate efficient processing of transactions by both Puspakom and the IRB.

According to Puspakom, “The e-invoice system will not only address revenue leakage, it offer more accurate compliance risk assessments. For more information on the implementation of TIN, customers can contact Puspakom’s customer service at 03-5101 7000. 

Source: MalayMail