SST has been increased to 8%! Besides this news, what else is worth paying attention to this month? Let’s take a look together!
FSA2.0 Is Now Available at Maybank!
- Application of FSA2.0 is now available via Maybank! Users can now apply FSA2.0 through Maybank MYFSA2u by using the EPF Account 2 savings as proof to loan between RM3,000 to RM50,000, with an interest rate of 4.75% p.a. Members only need to pay a minimum monthly installment of RM32, and no guarantor or additional fees are required.
Boost e-wallet will Start Charging Top-up Fees Soon!
- Starting from March 15, Boost e-wallet will start charging a 1% processing fee to users who top up using credit cards. However, the first RM1,000 top-up amount is exempt from processing fees. Besides, the previous maximum top-up limit of RM2,000 will be lifted.
- For example, if a user tops up RM1,200, the first RM1,000 will be exempt from processing fees, while the remaining RM200 will incur a 1% processing fee, which is RM2.
RHB Online Banking Stop Supporting Old Browser Versions
- RHB Online Banking users are required to upgrade their browsers to specific versions by March 26, to enhance and safeguard users’ personal and financial security. The minimum browser version will be Google Chrome 52, Microsoft Edge 80, Mozilla Firefox 52, Opera 39, and Safari11.1.
8% Service Tax is Coming!
- Starting from March 1, SST will be increased from 6% to 8% and there are new industries to be included! If you are not familiar with these new rules, check our post now!
Form E Deadline
- All employers are required to declare the details of employees’ remuneration for the last whole year via Form E before end of March. Please do also take note that Form E is only considered as complete when CP8D is submitted!
- If you are not familiar with Form E：https://landco.my/social/form-e/
Tax Season is Coming
- As everyone knows, LHDN will open the e-filing portal for taxpayers to declare tax in March! We urge everyone who saw this message to declare tax if you have any income in Malaysia. Please remember, the earlier you declare tax, the earlier you receive the tax refund from LHDN!
- Personal Tax Relief 2023: https://landco.my/tax-relief-en/personal-tax-relief-2023/
Public Holiday in March
- 04.03.2024 (Monday): Installation of Sultan Terengganu (Terengganu only)
- 12.03.2024 (Tuesday): Awal Ramadan (Johor, Kedah, Melaka only)
- 23.03.2024 (Saturday): Sultan of Johor’s Birthday (Johor only)
- 28.03.2024 (Thursday): Nuzul Al-Quran (Kuala Lumpur, Labuan, Putrajaya, Kelantan, Pahang, Perak, Penang, Selangor, Terengganu only)
- 29.03.2024 (Friday): Good Friday (Sabah and Sarawak only)
Important Dates in March
- 15.3.2024: PCB (February Salary)
- 15.3.2024: SOCSO & EIS (February Salary)
- 15.3.2024: HRDC (February Salary)
- 15.3.2024: EPF (February Salary)
- 15.3.2024: CP204 Payments
- 30.3.2024: Audited Report (Company F.Y.E Aug 2023)
- 30.3.2024: CP500 (First Payment)
- 31.3.2024: CP204 Submission (Company F.Y.E Apr 2025)
- 31.3.2024: Form C (Company F.Y.E Jul 2023)
- 31.3.2024: SST (Jan – Feb 2024 payment)
- 31.3.2024: Form E
- 31.3.2024: Annual Declaration (LLP F.Y.E Dec 2023)
(201706002678 & AF 002133)