Latest News In January 2024

 RM150 BAP School Opening Grant

• The Ministry of Education has confirmed the continuation of the School Opening Grant (BAP) in 2024, providing RM150 to every primary and secondary school student.

 

• Recipients will automatically receive the grant in terms of cash or credit deposited, no application needed.

RM2400 Electric Motorcycle Rebate 

• As announced by Prime Minister Dato’ Seri Anwar, the Electric Motorcycle Use Promotion Scheme is now available for applications.

 

• Eligible Malaysians, with an annual income not exceeding RM120,000, can receive a rebate of up to RM2,400 upon purchasing an electric motorcycle.

 

*Details are subject to government announcement.

Adjustment of Electricity Tariff 2024

• In 2024, there will be adjustments to household electricity fees. Those consuming between 601kWh and 1500kWh will incur additional charges ranging from 4.2% to 6.0%, equivalent to RM12 to RM32 monthly.

 

• This affects households with monthly bills between RM220.36 and RM737.50. For example, a household using 601kWh will experience a tariff increase from RM220 to RM232, reflecting a RM12 rise.

10% Sales Tax on Low-Value Goods Purchased Oversea

• Starting January 2024, a 10% sales tax will be levied on online purchases of low-value goods (LVG) in Malaysia. Whether the goods are delivered by sea, air, or land, a uniform 10% sales tax will be applicable to items priced below RM500.

 

• Sellers participating in these transactions are required to register with the Royal Malaysian Customs Department as Registered Sellers (RS).

 

*For more details, please check: FAQ on 10% Low-Value Goods Sales Tax (LVG)

Closure of SSPN Website

• Effective January 10, 2024, the myPTPTN website will replace the SSPN platform. In this transition, the full spectrum of functions currently housed on the SSPN website will be seamlessly migrated to myPTPTN.

 

• To continue enjoying these services, users are required to complete the registration process on the myPTPTN website.

New Government Grant Database: PADU System

• Starting January 2, 2024, the government is launching the PADU system, allowing citizens aged 18 and above to update their personal data. This ensures eligibility for assistance grants and other benefits.

 

• Failure to timely update personal data may result in citizens being overlooked by the government, potentially depriving them of the diverse benefits offered, such as assistance grants, targeted subsidies, social security, and more.

Separation of EPF Conventional Assets & Shariah Assets

• Starting January 1, 2024, the EPF will fully separate its shariah savings assets from conventional savings assets.

 

• This move aims to improve the dividend return under the shariah contribution scheme, making it competitive with the conventional scheme.

BigPay In-App Authentication Feature

• BigPay is introducing in-app authentication as a user-friendly alternative to SMS OTP. With this feature, users receive a notification within the app for transaction approval, requiring a simple click on “Approve“ to complete the process.

 

• It’s worth mentioning that each BigPay user can enable this feature on only one device, ensuring security and ease of use.

January Public Holidays

• 01.01.2024 (Monday): New Year’s Day (All states except Johor, Kedah, Kelantan, Perlis and Terengganu)

• 14.01.2024 (Sunday) – 15.01.2024 (Monday): YDPB Negeri Sembilan’s Birthday (Negeri Sembilan only)

• 25.01.2024 (Thursday): Thaipusam (Johor, Kuala Lumpur, Negeri Sembilan, Penang, Perak, Putrajaya & Selangor only)

Important Dates in January

• 15.01.2024: PCB (December Salary)
• 15.01.2024: SOCSO & EIS (December Salary)
• 15.01.2024: HRDC (December Salary)
• 15.01.2024: EPF (December Salary)
• 15.01.2024: CP204 Payments
• 30.01.2024: Audited Report (Company F.Y.E Jun 2023)
• 30.01.2024: CP500 (Sixth Payment)
• 31.01.2024: CP204 Submission (Company F.Y.E Feb 2025)
• 31.01.2024: Form C (Company F.Y.E May 2023)
• 31.01.2024: SST (Nov 2023 – Dec 2023 payment)