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Siapakah pekerja yang boleh mendapat manfaat insentif cukai khas?
Terdapat dua kategori pekerja yang diberi insentif cukai khas: Returning Expert Returning Expert Programme diwujudkan bertujuan menggalakkan golongan profesional Malaysia yang tinggal di luar negara untuk pulang ke Malaysia. Pekerja di bawah program “Returning Expert” diberikan beberapa insentif cukai, terutamanya: Kadar cukai rata sebanyak 15% selama lima tahun (kebanyakan pekerja dalam program ini lazimnya akan dikenakan cukai sebanyak […]
Apakah jenis potongan cukai dan rebat yang boleh dituntut pada tahun 2023?
Potongan Cukai Berikut adalah potongan wajib dan potongan pilihan bagi tahun 2023 yang ditolak daripada pendapatan tahunan yang dikenakan cukai untuk mencapai pendapatan bercukai anda, yang mana jumlah cukai yang perlu dibayar akan dikira berdasarkan jumlah tersebut. Pekerja boleh menuntut potongan pilihan dengan mengemukakan borang TP1 kepada majikan mereka. Majikan kemudiannya boleh memasukkan jumlah potongan cukai dalam […]
What is the Employment Insurance System?
The Employment Insurance System, EIS, was first implemented in January 2018 by PERKESO. It is a financial scheme aimed at helping employees who lost their jobs until they find new employment. The contributions are being collected in a fund in order to provide financial assistance to retrenched employees. It also aims to provide extended welfare […]
How to determine residence status?
Determination of Malaysia Residence Status Generally, residence status for tax purposes is based on the number of days spent by the individual in Malaysia and is independent of citizenship. (Note that spending part of a day in Malaysia counts as being physically present for the whole day – for example, someone who arrives in Malaysia […]
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 are the differences between the two SOCSO categories?
Contributions to SOCSO are divided into two categories, as follows: Employment Injury and Invalidity Scheme Malaysian employees below the age of 60 contribute under this category, unless they began contributing at the age of 55 or above. From 1 July 2024, foreign employees below the age of 60 also contribute under this category, unless they […]
Which payments are subject to SOCSO/EIS contribution and which are exempted?
Payments Subject to SOCSO/EIS Contribution “Wages” for contribution purposes refers to all remuneration payable in money by an employer to an employee. This includes: Basic Salaries Overtime payments Commissions Payments in respect of leave Service charges Payments Exempted From SOCSO/EIS Contribution The payments below are not considered “wages” and are not included in the calculations […]
Malaysian Payroll Overview
Let’s have a go at describing Malaysian payroll in 200 words… For each employee, you start with gross salary for the month. Then you need to deduct tax, pension and social security contributions to get to the net monthly salary: PCB: monthly tax deductions based on provisional annual income and with a progressive tax rate […]
What is the difference between a foreigner and a non-resident for payroll purposes?
SOCSO From 1 July 2024, foreign employees contribute to SOCSO in the same way as Malaysian employees (Employment Injury Scheme and Invalidity Scheme for employees aged below 60, and Employment Injury Scheme only for employees aged 60 and above). EPF Starting from 1 October 2025, EPF contributions are mandatory for foreign employees working in Malaysia […]
How do I register as an employer?
As an employer – whether a company, sole proprietor, partnership, association or other – you must register with EPF, SOCSO, LHDN, and – for employers with at least 10 full-time Malaysian employees – HRDF. EPF According to Section 41(1) of the EPF Act 1991, an employer shall register with the EPF within 7 days from […]
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