In 2021, amendments on the Employment Act under the labour law Malaysia was submitted, and in 2022, these amendments are finally gazetted and will be enforced on 1st September 2022. The Employment Act Malaysia 2022 has included a series of amendments in the Employment Act 1955 and the recent revisions of the First Schedule of EA.

On January 1, 2018, SOCSO introduced the EIS PERKESO portal to help employers to manage their records, update and make contributions. This insurance, regulated by the Employment Insurance System Act 2017 and also administered by the EIS SOCSO, protects workers between the ages of 18 and 60 who have lost their jobs, expiration of the contract, except in cases of voluntary termination, unconditional termination of the contract, retirement, completion of a specified project, in the contract, and dismissal due to misconduct.

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Pada 1 Januari 2018, PERKESO memperkenalkan portal EIS PERKESO untuk membantu majikan menguruskan rekod mereka, mengemas kini dan membuat caruman. Insurans ini, yang dikawal oleh Employment Insurance System Act 2017 dan juga ditadbir oleh SIP SOCSO, melindungi pekerja berusia antara 18 hingga 60 tahun yang kehilangan pekerjaan, tamat kontrak, kecuali dalam kes penamatan sukarela, penamatan tanpa syarat kontrak, persaraan, penyelesaian projek tertentu, dalam kontrak, dan pemecatan kerana salah laku.

Malaysia has specific rules for taxation and payroll, depending on whether your company employs local Malaysian or foreign nationals employees. The main concerns for a company that must comply with tax laws are social security costs, sales and services tax (SST), personal income tax for employees in Malaysia, business tax, payroll tax, withholding tax, and problems with the permanent establishment.

On January 1, 2018, SOCSO introduced the EIS PERKESO portal to help employers to manage their records, update and make contributions. This insurance, regulated by the Employment Insurance System Act 2017 and also administered by the EIS SOCSO, protects workers between the ages of 18 and 60 who have lost their jobs, expiration of the contract, except in cases of voluntary termination, unconditional termination of the contract, retirement, completion of a specified project, in the contract, and dismissal due to misconduct.

Filing a tax assessment in Malaysia is compulsory under section 107C of the Malaysian Income Tax Act 1967. If the company is starting up for the first time, the assessment must be filed with the IRB within 3 months from the starting date of their operations, but not 30 days before the start of the base period.

CP38 is an additional tax deduction order issued by LHDN specifically to an employer. This CP38 form regulation requires employers to make additional deductions in monthly installments from taxpayers 'salaries (other than monthly tax deductions) against taxpayers' income tax arrears.

An employer who employs one or more employees must register and make monthly contributions to the SOCSO for all employees in accordance with the Employee Welfare Act 1969. Since January 2016, there is RM 250 per year income tax exemption for contributions to the SOCSO. As of January 2019, all overseas employees are required to contribute to the SOCSO.

Ramai usahawan berfikir hanya perniagaan besar yang memerlukan perisian perakaunan. Namun persepsi dan pemikiran itu tidak tepat kerana perniagaan kecil mahupun besar, perakaunan merupakan perkara asas kepada semua jenis perniagaan...

March begins tax filing season. All Malaysian businesses, whether large, medium, or small, must file Form E with the Inland Revenue Board (IRB) by the end of this month...

The Tax Clearance Letter (Surat Penyelesaian Cukai (SPC)) is a letter issued by MIRB to notify the employer of a deceased / retiring / resigning employee’s tax liability...

The Employee Provident Fund EPF calculator will help you calculate the amount of money you will save when you retire. Now you can Calculate your salary, EPF rate...

Budget 2021 is the largest budget in Malaysia’s history, with a total of RM322.5 billion compared to RM297 billion for Budget 2020...

Most‌ ‌of‌ ‌the‌ ‌small‌ ‌business‌ ‌owners‌ ‌who‌ ‌start‌ ‌to‌ ‌use‌ ‌either‌ ‌paid‌ ‌or‌ ‌free‌ ‌accounting‌ ‌software‌ ‌in‌ ‌Malaysia‌ ‌quickly‌ ‌master‌ ‌the‌ ‌basics.‌ ‌They‌ ‌learn‌ ‌how‌ ‌to‌ ‌make‌ ‌invoicing‌ ‌automatic‌...

According to the Inland Revenue Board of Malaysia, an EA form is a Yearly Remuneration Statement that includes your salary for the past year...

If a taxpayer has income other than employment such as business, rental and royalties reported in previous years, LHDN may normally issue CP500 for next taxable period...