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Latest News In August 2024

Posted LnCoadmin

A 6-month grace period will be given for each stage of e-Invoice! Besides this news, what else is worth paying attention to this month? Let’s take a look together!

𝐀 𝟔-𝐦𝐨𝐧𝐭𝐡 𝐆𝐫𝐚𝐜𝐞 𝐏𝐞𝐫𝐢𝐨𝐝 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐠𝐢𝐯𝐞𝐧 𝐟𝐨𝐫 𝐄𝐚𝐜𝐡 𝐒𝐭𝐚𝐠𝐞 𝐨𝐟 𝐞-𝐈𝐧𝐯𝐨𝐢𝐜𝐞!
  • The first phase of the implementation of e-Invoice will start on August 1. The Chief Executive Officer of The Inland Revenue Board (LHDN) said that government will give taxpayers a six-month grace period to adapt to the e-Invoice.
  • During the six-month grace period, taxpayers just need to submit consolidated e-Invoice and self-billed e-Invoice for all transactions.
𝐃𝐨𝐦𝐞𝐬𝐭𝐢𝐜 𝐁𝐚𝐧𝐤𝐬 𝐰𝐢𝐥𝐥 𝐈𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭 𝟏𝟐 𝐇𝐨𝐮𝐫𝐬 𝐂𝐨𝐨𝐥𝐢𝐧𝐠-𝐨𝐟𝐟 𝐏𝐞𝐫𝐢𝐨𝐝 𝐟𝐨𝐫 𝐓𝐫𝐚𝐧𝐬𝐟𝐞𝐫 𝐋𝐢𝐦𝐢𝐭 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐬!
  • Maybank, CIMB, and Public Bank will implement 12-hour cooling-off period to improve online banking security. When the user increases the transfer limit, the 12-hour cooling-off period will automatically begin.
  • During the 12-hour cooling-off period, users can only transfer using the transfer limit before the increase. After the 12-hour cooling-off period, users can transfer with using new limits.
𝐌𝐚𝐥𝐚𝐲𝐬𝐢𝐚𝐧 𝗣𝐮𝐛𝐥𝐢𝐜 𝗛𝐨𝐥𝐢𝐝𝐚𝐲𝐬 𝐟𝐨𝐫 𝟐𝟎𝟐𝟓 𝐡𝐚𝐯𝐞 𝐛𝐞𝐞𝐧 𝗔𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐝!
  • The Cabinet of Malaysia has released the 2025 Malaysian public holidays schedule! The Chinese Lunar New Year falls on January 29 (Wednesday) and 30 (Thursday) in 2025, while Hari Raya Aidilfitri falls on March 31 (Monday) and April 1 (Tuesday), and Deepavali falls on October 20 (Monday).
  • In 2025, there will be 49 public holidays in Malaysia, 12 days are national public holidays, and the remaining holidays are limited to public holidays in specific states.
𝐓𝐡𝐢𝐫𝐝 𝐏𝐡𝐚𝐬𝐞 𝐨𝐟 𝐒𝐓𝐑 𝐀𝐢𝐝 𝘄𝐢𝐥𝐥 𝗯𝐞 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐞𝐝 𝗶𝐧 𝐀𝐮𝐠𝐮𝐬𝐭!
  • The official website of Sumbangan Tunai Rahmah (STR) has updated that the third phase of STR Aids will be distributed in August, and the fourth phase of STR assistance will also be distributed in November!
  • The family with a monthly income below RM5,000, singles with a monthly income below RM2,500, and senior citizens are eligible for assistance.
  • For those who eligible but haven’t applied for STR Aids, you can apply via the official website of Sumbangan Tunai Rahmah (STR) : https://bantuantunai.hasil.gov.my/
𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗥𝗲𝗮𝗱𝘆 𝘁𝗼 𝗟𝗮𝘂𝗻𝗰𝗵𝗲𝗱 𝘁𝗵𝗲 𝟭𝟬-𝘆𝗲𝗮𝗿 𝗣𝗮𝘀𝘀𝗽𝗼𝗿𝘁𝘀!
  • According to the Minister of Home Affairs, the Malaysian Immigration Department has completed a study on extending the validity period of Malaysian passports from 5 years to 10 years, and will announce the details soon!
  • People can choose to renew their passports with a validity period of 5 years or 10 years according to their needs!
𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞𝐝 𝗖𝐚𝐫 𝐰𝐢𝐥𝐥 𝗡𝐨 𝗟𝐨𝐧𝐠𝐞𝐫 𝗚𝐞𝐭 𝗙𝐮𝐥𝐥 𝗟𝐨𝐚𝐧 𝐚𝐟𝐭𝐞𝐫 𝗜𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐢𝐧𝐠 𝐞-𝐈𝐧𝐯𝐨𝐢𝐜𝐞!
  • In the past, the government stipulated that consumers must pay a 10% down payment to purchase a car, but some salesmen will increase the car price to allow consumers to purchase a car with a 0% down payment. After the implementation of e-Invoice on August 1, salesmen must sell cars based on invoices issued by the company, and they cannot increase prices without authorization to allow consumers to purchase cars with full loans.
Public Holiday in August
  • 11.08.2024 (Sun) : Hari Hol Almarhum Sultan Iskandar（Johor Only）
  • 24.08.2024 (Sat) : Melaka Governor’s Birthday（Melaka Only）
  • 31.08.2024 (Sat) : Merdeka Day（National）
Important Dates in August
  • 15.08.2024：PCB（July Salary）
  • 15.08.2024：SOCSO & EIS （July Salary）
  • 15.08.2024：HRDC（July Salary）
  • 15.08.2024：EPF（July Salary）
  • 15.08.2024：CP204 payment
  • 30.08.2024：Audit Report（Company F.Y.E Jan 2024）
  • 31.08.2024：Form C（Company F.Y.E Dec 2023）
  • 31.08.2024：SST（June – July 2024 payments）
  • 31.08.2024：CP204 Submission