MYEG’s Philippine Joint Venture Deploys Online Payment Services for Income Tax and Economic Zone Fees

KUALA LUMPUR (September 28): MY EG Services Bhd (MYEG) said its 40% Filipino (JY) I-Pay MYEG Philippines Inc (MYEG Philippines) joint venture is deploying two e-government services in the Philippines – online payment of income tax to their Bureau of Internal Revenue; and payment of fees to the Philippine Economic Zone Authority (PEZA).

Online income tax payment will be available on MYEG Philippines’ online portal from October of this year, MYEG said.

“Made possible through a partnership with the Bureau of Internal Revenue, the service will enable Filipinos to meet their tax payment obligations without having to physically queue at government counters,” he said. in a press release.

“Our role is to strengthen and support government by providing citizens with convenient ways to transact online. We are grateful to be able to provide this service to the Bureau of Internal Revenue and taxpayers,” said the CEO of MYEG Philippines. Officer Ann Saldana.

Meanwhile, PEZA members, who previously could only pay their fees at the counter at PEZA offices in cash or by company check during office hours, can now make their payments anytime, online. , with many payment options available. The PEZA online payment service started this month.

MYEG Philippines, a joint venture formed in 2017, is on track to reach its first full year of profitability, said Saldana.

“With several other agencies on board, we can achieve significant growth in the years to come,” added Saldana.

“The new Bureau of Internal Revenue and PEZA Payment Services join a growing list of key government agencies that have partnerships with MYEG, including the National Bureau of Investigation, Philippine Health Insurance Corp, Land Bank of the Philippines and a number of local government units. like Ilagan City and Baler, Aurora, ”the company said.

MYEG shares fell two sen or 2.14% to 91.5 sen, giving the company a market cap of RM6.75 billion.

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