KUALA LUMPUR (Sept 28): MY EG Services Bhd (MYEG) said its 40%-Philippines joint venture (JY) I-Pay MYEG Philippines Inc (MYEG Philippines) is rolling out two e-government services in the Philippines — the online payment of income tax to their Bureau of Internal Revenue, and the payment of fees to the Philippine Economic Zone Authority (PEZA).
The online income tax payment will be made available on MYEG Philippines' online portal from October this year, MYEG said.
"Made possible through a partnership with the Bureau of Internal Revenue, the service will enable Filipinos to fulfil their tax payment obligations without having to physically queue up at government counters," it said in a statement.
"Our role is to strengthen and support the government in providing convenient ways for citizens to do their transactions online. We are grateful that we're able to provide this service to Bureau of Internal Revenue and to the taxpayers," said MYEG Philippines chief executive officer Ann Saldana.
Meanwhile, PEZA members, who previously could only pay their fees over the counter at PEZA's offices using cash or company cheques during office hours, can now make their payments anytime, online, with numerous payment options available. The PEZA online payment service started this month.
MYEG Philippines, a JV established in 2017, is on track to achieving its first full year of profitability, Saldana said.
"With several more agencies coming on board, we can achieve significant growth in the coming years," Saldana added.
"The new Bureau of Internal Revenue and PEZA payment services add to 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 such as Ilagan City, and Baler, Aurora," the company said.
Shares of MYEG fell two sen or 2.14% to 91.5 sen, giving the company a market capitalisation of RM6.75 billion.