HIGHLIGHTS

OCTOBER 2020

  • Determination of Monthly Tax Deductions (MTD) for Employees with Foreign Nationalities
  • New Public Ruling on Taxation Of A Resident Individual Part I – Gifts Or Contributions And Allowable Deductions
  • SOSCO Prihatin Screening (PSP PERKESO) made available to SOSCO Insured Persons in Sabah, Selangor, Wilayah Persekutuan Kuala Lumpur dan Putrajaya
  • SOSCO- Postponed of All Interview Matters Scheduled from 14 October 2020
  • Public Ruling No. 7/2020 (Appeal Against assessment And Application for Relief) was released by LHDN
  • Postponed of PTPTN Loan Repayment due to Covid-19

SEPTEMBER 2020

  • FAQ regarding BPN 2.0 and GKP 2.0 under Kita Prihatin Economic Stimulus Package
  • Kita Prihatin Economic Stimulus Package
  • SOSCO Prihatin Screening (PSP PERKESO) made available to SOSCO Insured Persons in Kedah
  • Public Holidays in Malaysia for the Year 2021
  • 2020 New Version CP22 Form
  • EPF: Extension of September – December 2020 Contribution Payment Date

AUGUST 2020

  • No Statutory Updates

JULY 2020

  • Notice on PERJANAKERJAYA Hiring Incentive

JUNE 2020

  • Flexible Work Arrangement Incentives
  • Income tax relief for parents on childcare services expenses
  • Hiring and Training Assistance for Businesses
  • Wage Subsidy Programme (WSP)

MAY 2020

  • Enhancement for terms and condition for Financial Assistance under Human Resource Development Fund
  • Extension of EPF Contribution Payment Date

APRIL 2020

  • Prihatin Rakyat Economic Stimulus Package
  • Employment Retention Programme (ERP) for employees who received unpaid leave notice
  • EPF contribution rate table
  • HRDF payment is exempted for 6 months
  • Foreign worker levy payment
  • Employer Advisory Services (EAS)
  • Wage Subsidy Programme
  • Extension of Movement Control order (MCO)
  • Employees Provident Fund (EPF) Contribution Payment Date Further Extended
  • Extension deadlines for Monthly Tax Deduction (MTD) payment
  • Changes to Calculation method of Monthly Tax Deduction (MTD) according to Budget 2020 and Form Update
  • Wage Subsidy Programme (updated)
  • SOCSO Protection for Foreign Workers
  • Extension deadlines for SOCSO and EIS
  • Employer COVID-19 Assistance Programme (e-CAP)

MARCH 2020

  • Employees EPF contribution rate has been reduced to 7%
  • Yang di-Pertuan Agong’s Birthday has been changed to 8th June 2020
  • Financial assistances for employees in Malaysia
  • Restrictive Movement Order has been implemented in Malaysia
  • EPF contribution form KWSP 17A (Khas)
  • Time extension for IRBM payment and tax form submissions
  • SOCSO office will be open
  • PM announced that these initiatives will be introduced to help Malaysians during these hard times
  • PM has announced that the Movement Restrictive Order will be extended

FEBRUARY 2020

  • No Statutory Updates

JANUARY 2020

  • Change in the income tax rate 2020
  • Change in the minimum wage 2020