MALAYSIA

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HIGHLIGHTS

JULY 2021

  • HRD Levy Exemption July to August 2021

JUNE 2021

  • HRD Levy Exemption June 2021

MAY 2021

  • No Recent Statutory Updates

APRIL 2021

  • Extension deadline for employer registration under the PSMB Act 2001
  • Exemption of Human Resources Development Levy Payment for Period January 2021 until June 2021 for the Tourism and Retail Sectors Affected by Coronavirus (COVID-19) Pandemic

MARCH 2021

  • Expansion of The Pembangunan Sumber Manusia Berhad Act 2001 (Updated)
  • Expansion of The Pembangunan Sumber Manusia Berhad Act 2001

FEBRUARY 2021

  • Form Update on Monthly Tax Deduction (MTD) 2021 according to Budget 2021

JANUARY 2021

  • Extending the Special Tax Relief on the Purchase of Mobile Phones, Computers and Tablets
  • Wage Subsidy Programme 3.0
  • Change in the income tax rate 2021
  • 2021 New Version CP21, CP22, CP22A form
  • Deferment of PTPTN Loan Repayment Extended for Three (3) Months
  • Return Form (RF) Filing Programme For The Year 2021
  • Mandatory Contribution Payment Date For 2021

DECEMBER 2020

  • i-Sinar: EPF Allows Account 1 Withdrawal Up To RM60,000.
  • Statutory Rate for Employee’s Share Of Contribution To Be Reduced To Nine (9) Percent for 2021 (Third Schedule)
  • i-SINAR open to all EPF members whose income is affected by COVID-19
  • IRBM to Stop Accepting Tax Payments by Cheques Delivered Via Mail Or Courier Services Starting 1 January 2021
  • Statutory Rate for Employee’s Share of Contribution to Be Reduced To Nine (9) Percent for 2021

NOVEMBER 2020

  • i-Sinar: EPF Allows Account 1 Withdrawal Up To RM60,000
  • Highlights of the Malaysia 2021 Budget and Supply Bill (Budget) 2021- Change in Tax.
  • Highlights of the Malaysia 2021 Budget and Supply Bill (Budget) 2021- Hiring Incentive
  • Highlights of the Malaysia 2021 Budget and Supply Bill (Budget) 2021- Wage Subsidy
  • Highlights of the Malaysia 2021 Budget and Supply Bill (Budget) 2021- HRDF
  • Highlights of the Malaysia 2021 Budget and Supply Bill (Budget) 2021- Change in Social Contribution
  • Highlights of the Malaysia 2021 Budget and Supply Bill (Budget) 2021- Change in EPF
  • SOCSO: MYFUTUREJOBS Recommendation for Foreign Workers and Expatriate Application

OCTOBER 2020

  • SOSCO Prihatin Screening Programme (PSP PERKESO) extended to contributors in states under CMCO.
  • Temporarily Closed for SOSCO Counter during CMCO Period
  • Notice Of Change Of LHDN Counter Operation Hours During Conditional Movement Control Order (CMCO)
  • 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