From labor laws to regulatory compliance, this collection provides essential information to ensure legal compliance and mitigate risks in your business operations.
What are the deadlines for EPF, SOCSO, and PCB
SOCSO If contributions are made later than the 15th of the following month (if the 15th is a holiday the deadline will be the last working day before the 15th), a fine of 6% per annum for each day overdue will be charged. The minimum fine is RM 5, hence if the monthly fine is […]
What yearly payroll forms do companies need to prepare?
EPF and SOCSO There are no yearly EPF or SOCSO forms that need to be submitted. LHDN (Tax board) Form E – Statement of remuneration paid to employees and PCB deducted during the year. Must be submitted to LDHN by March 31st. Click on How do I submit form E? for more information. Form EA – Statement of total […]
Where can I find the numbers needed for setting up an employee?
PCB number The PCB number can be found on the second page of Form CP 39. Otherwise, your employee can directly check via https://mytax.hasil.gov.my/ under e-Daftar and fill in their details and click Search. Don’t have a PCB number yet? Please register Online (e-Daftar) which is accessible from MyTax by selecting Individual as the Type of […]
What are the leave entitlements under the Employment Act?
The Employment Act 1955 (EA), as amended by the Employment (Amendment) Act 2022, provides for certain minimum leave entitlements. The Act now covers all employees, apart from sections (like overtime provisions or termination benefits) only applicable to certain employees like manual workers or employees whose monthly wages do not exceed RM4,000. Rest Day According to section 59 of […]
How to include advance payments and deductions in your payroll?
Advance payment Statutory contributions are payable when a payment is made. Therefore, if you are giving a salary advance to an employee via payroll, that payment should be subject to applicable statutory contributions. In PayrollPanda, you can use the preset item Advance Payment to pay an advance to your employees. Advance Payment is subject to […]
