Malaysia

November 2024

• Minimum Wages increase from RM1,500 to RM1,700

October 2024

• Increment of the wage ceiling for monthly contribution from RM 5,000 to RM 6,000 (Employees Social Security and Employment Insurance System)

• Notification of Role Registration or Update of Information in ePCB PLUS MODULE PHASE 1

AUGUST 2024

• CP22 Guide to Submitting New Employee Information (CP22) In a TXT FILE To be uploaded using E-Filling

JULY 2024

• Extension of Invalidity Scheme Coverage to Foreign Workers

MAY 2024

• E-PCB Plus System to Replace the Existing E-PCB System

JANUARY 2024

• Update of Form EA [Pin.2023]

• Format Changes of Form CP8D 2024

• New Version of TP1 & TP3 Form and Update on Monthly Tax Deduction (MTD) 2024

DECEMBER 2023

• Changes of Income Tax Reliefs – Budget 2024

• Changes of Employer Forms Submission Rules – Finance Act (No.2) 2023

NOVEMBER 2023

• No Statutory Updates

OCTOBER 2023

• No Statutory Updates

SEPTEMBER 2023

• No Statutory Updates

AUGUST 2023

• No Statutory Updates

JULY 2023

• No Statutory Updates

JUNE 2023

• Revision of Individual Income Tax Rate 2023

• New Version of TP1 & TP3 Form and Update on Monthly Tax Deduction (MTD) 2023 (Ver.2)

MAY 2023

• No Statutory Updates

APRIL 2023

• No Statutory Updates

MARCH 2023

• No Statutory Updates

FEBRUARY 2023

• Update of Form E [Pin.2022]

• Update of Form EA [Pin.2022]

• Changes of Hourly Rate of Pay for OT Calculation

JANUARY 2023

• New Version of TP1 & TP3 Form and Update on Monthly Tax Deduction (MTD) 2023

• Format Changes for CP8D Form 2023

DECEMBER 2022

• No Statutory Updates

NOVEMBER 2022

• No Statutory Updates

OCTOBER 2022

• No Statutory Updates

SEPTEMBER 2022

• No Statutory Updates

AUGUST 2022

• Section 5 - SOCSO Contribution Salary Cap Increase - Employees' Social Security (Amendment) Act 2022

• Section 16 - EIS Contribution Salary Cap Increase - Employment Insurance System (Amendment) Act 2022

• Extension of Scope of EA 1955 - Employment (Amendment of First Schedule) Order 2022

Amendment of Employment Act 1955

• Section 60F (1) Amendment of Sick Leave and Hospitalisation Leave

  Entitlement

• Section 18A Calculation of Wages for Incomplete Months Work

• Section 37 Maternity Leave

• Section 60FA Paternity Leave

JULY 2022

• Section 5 - SOCSO Contribution Salary Cap Increase - Employees' Social Security (Amendment) Act 2022

• Section 16 - EIS Contribution Salary Cap Increase - Employment Insurance System (Amendment) Act 2022

JUNE 2022

• Minimum Employee EPF Contribution to be Increase to 11% Effective on 1st July 2022

MAY 2022

• Minimum Wages Order 2022 – Minimum wages increase from RM1,200 to RM1,500

APRIL 2022

• No Statutory Update

MARCH 2022

• Minimum Wages increase from RM1,200 to RM1,500

• Amendment Bill to the Employment Act 1955

  • New Section 18A_Calculation of wages for incomplete months works

  • Amendment of Section 37 Maternity Leave

  • Paternity Leave

FEBRUARY 2022

• EA Form Updates

JANUARY 2022

• Details of Wages Subsidy of PSU 4.0 to be included in Payslip

• Budget 2022 Measures (Update No.2) – Special Income Remittance Programme (PKPP) – Malaysia Exempts Certain Foreign-Source Income from Tax

• 2022 New Version TP1, TP3 Form and update on Monthly Tax Deduction

DECEMBER 2021

• Budget 2022 Measure – Minimum EPF Contribution

• Budget 2022 Measure – Foreign Sources Income Tax

• Budget 2022 Measures (Update) – Special Income Remittance Programme (PKPP)

NOVEMBER 2021

• No Recent Statutory Updates

OCTOBER 2021

• No Recent Statutory Updates

SEPTEMBER 2021

• No Recent Statutory Updates

AUGUST 2021

• No Recent Statutory Updates

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