A tax refund is a refund that you get from overpaying your taxes. This happens often as your PCB does not include all your tax reliefs. So, if your tax payable is lower than your total PCB for the year, you can get a tax refund. If it’s higher, you’ll have to pay the difference. If your employer has not been deducting a PCB (do find out why), and you will have to pay the tax amount in full. If you use e-Filing, the tax refund will be directly deposited to your bank account. However, if you do not provide your bank details, you’ll receive it in the form of a voucher. (Please note, you can only bank in or exchange it for cash at any CIMB branch in Malaysia). It is also possible that your overpaid taxes may not be refunded and will be used to offset against future taxes instead.