Latest News In June 2023

RM200 e-Wallet Credit for Youth

• The RM200 e-wallet credit for youth aged 18 to 20 and full-time tertiary students aged on or above 21 will be distributed in June. Beneficiaries can claim the credit through e-wallet platforms such as Touch’n Go eWallet, GrabPay, ShopeePay, and Boost.

RHB is Going to Phase Out SMS TAC/OTP

• Bank Negara Malaysia urged the banks to replace SMS TAC/OTP with a more secure method to verify transactions due to the outbreak of serious financial fraud cases last year. Hence, starting from June 10 this year, RHB will use RHB Secure Plus to replace SMS OTP.

State Election Voters Profile Pre-Check

• There are six states going to hold state elections in July, which are Selangor, Penang, Negeri Sembilan, Kelantan, Kedah and Terengganu. Now, the system is open for citizens who reach 18 years old by April 30 this year to check their personal information. Any information error must be correct before the election. 

RM 11.2 billion Unclaimed Funds in Malaysia

• The Accountant General’s Department has processed RM11.2 billion unclaimed funds (WTD), including salaries, bonuses and commissions that have not been paid to employees for over 1 year, bank deposits that have been inactive for more than 7 years, and transaction accounts that have been inactive for more than 2 years. Just check via egumis.anm.gov.my if there are any unclaimed funds under your name.

Special Voluntary Disclosure Programme 2.0 (SVDP2.0)

• In Budget 2023, the SVDP 2.0 was proposed to be reimplemented with a 0% penalty imposed from June 2023 to May 2024! This is a second chance for taxpayers to report their incorrect or undisclosed income without penalty. Yet, the LHDN has made an announcement on 1 June, mentioning to postpone the implementation of SVDP 2.0 until further notice!

Form P & Form B Submission Deadline

• Deadline for Form P & Form B submission is on 30.06.2023 (e-filing is 15.07.2023). Partners from partnership and individuals with business income (income other than employment income) has to submit the forms on time.

Public Holidays in June

• 01.06.2023 – 02.06.2023: Hari Gawai (Sarawak Only)
• 05.06.2023: Agong’s Birthday（All States）
• 18.06.2023: Sultan of Kedah’s Birthday（Kedah Only）
• 28.06.2023: Arafat Day （Kelantan and Terengganu Only ）
• 29.06.2023: Hari Raya Haji（All States）
• 30.06.2023: Second Day of Hari Raya Haji （Only Kedah, Kelantan, Perlis and Terengganu）

Important Dates in June