Latest News In July 2026

Enjoy Up to RM7,000 Tax Relief with Voluntary EPF Contributions

The tax relief consists of RM4,000 for mandatory or voluntary EPF contributions and another RM3,000 shared between life insurance premiums and voluntary EPF contributions. If you have already fully utilised the RM3,000 relief through your life insurance premiums, you will not be able to claim an additional RM3,000 through voluntary EPF contributions.

With 2026 already halfway through, now is the perfect time to plan your savings and tax relief strategy for next year’s tax filing.

According to the Inland Revenue Board (LHDN), business taxpayers filing Form B via e-Filing (e-B) are granted an additional 15 days and must submit their tax returns by 15 July 2026.

Taxpayers are also advised to keep all supporting documents and receipts for at least seven years for audit purposes. Those with non-employment income who receive a CP500 instalment notice must make their payments on time, as late payments are subject to a 10% penalty.

Government Announces 3 Enhancements to Diesel Subsidy Mechanism

The government has announced three improvements to the diesel subsidy system, including a waiver of vehicle transfer fees (up to RM100) until 30 September 2026, the ability to transfer subsidy eligibility to eligible family members,

and expanded coverage for company-registered pickup trucks and SUVs.

Further details on subsidy transfers will be announced later.

Cross-Bank ATM Withdrawals No Longer Charged RM1 Fee

Starting 1 July 2026, Malaysians will no longer be charged the RM1 cross-bank withdrawal fee when using other banks’ ATMs or self-service terminals (SRM) for cash withdrawals.
According to the Association of Banks in Malaysia (ABM), the exemption applies nationwide across all banks.

The RM1 fee was previously waived during the pandemic but later reinstated, and is now being permanently removed again.
With more than 14,000 ATMs and SRMs nationwide, this move is expected to make cash withdrawals more convenient and cost-saving for the public.

Malaysia Introduces 10-Year Passport with RM350 Application Fee

Malaysia has officially introduced a 10-year international passport, giving Malaysians the option to choose between a 5-year or 10-year validity period. The new 10-year passport costs RM350, while the 5-year passport remains at RM200.
Senior citizens aged 60 and above can enjoy a 50% discount, paying only RM175, while persons with disabilities (OKU) are exempted from the application fee. Replacement fees for lost passports vary depending on the validity period and number of losses, with charges for a 10-year passport reaching up to RM1,350.
The new option is expected to benefit frequent travellers by reducing the need for frequent passport renewals.

July Public Holidays

5 July (Sunday) – Birthday of the Sultan of Kedah (Kedah)
7 July (Tuesday) – George Town World Heritage City Day (Penang)
11 July (Saturday) – Birthday of the Governor of Penang (Penang)
21 July (Tuesday) – Almarhum Sultan of Johor’s Anniversary (Johor)
22 July (Wednesday) – Sarawak Day (Sarawak)
31 July (Friday) – Birthday of the Sultan of Pahang (Pahang)

 July Submission Deadlines

15.07.2026: PCB (June 2026 Salary)
15.07.2026: SOCSO & EIS (June 2026 Salary)
15.07.2026: HRDC (June 2026 Salary)
15.07.2026: EPF (June 2026 Salary)
15.07.2026: Form B (e-Filing Submission)
15.07.2026: Form P (e-Filing Submission)
31.07.2026: SST (For taxable period ending on 31.05.2026)
31.07.2026: Audited Financial Statements (Companies with financial year ended 31.12.2025)
31.07.2026: Form C (Companies with financial year ended 31.12.2025)
31.07.2026: CP204 Submission