Phased tax refund payments to begin from second week of March

THE Inland Revenue Board (IRB) has announced that tax refunds for eligible taxpayers will begin to be credited in stages starting from the second week of March 2026.

In a statement released today, the Inland Revenue Board (IRB) said the payments involve individual taxpayers who have submitted their Income Tax Return Forms for the Year of Assessment 2025 following the opening of the e-Filing service on 1 March.

“In line with the IRB Customer Charter, tax refunds for BNCP forms submitted via e-Filing will be processed within up to 30 working days, while BNCP forms submitted manually will have a processing period of up to 90 working days.

“However, if the information provided by the taxpayer is complete and accurate and does not require further verification, the tax refund will be processed earlier than the stipulated period,” the statement said.

The board advised taxpayers to ensure that the bank account information submitted to the agency is accurate and up to date to facilitate the smooth processing of refunds.

“IRB is committed to continuously improving service delivery to taxpayers and ensuring that tax matters are carried out efficiently and effectively,” it added. - March 7, 2026