MALAYSIA
HIGHLIGHTS
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