How a Payroll System Works

How a Payroll System Works

In Malaysia, payroll software plays an important role in streamlining and automating the intricate process of salary management for businesses of all sizes.  As a dynamic and progressive economy, Malaysia demands efficient payroll solutions to adhere to the country’s evolving tax regulations and employment laws.  Payroll software in Malaysia not only facilitates precise salary calculations but also ensures compliance with […]

Guide to Unpaid Leave Calculation in Malaysia

Guide to Unpaid Leave Calculation in Malaysia

Understanding Unpaid Leave Unpaid leave is when an employee takes time off work without pay. It’s usually taken for reasons not covered under regular paid leave entitlements, such as personal matters or extended holidays. Company Policy Each organization may have its own set of rules regarding unpaid leave, which should be reviewed for specific details. Application Process Employees typically need […]

What Are the 4 HR Systems?

What Are the 4 HR Systems?

In human resources, the integration of technology has reshaped the traditional practices, giving rise to Human Resource Information Systems (HRIS).  These sophisticated software programs play an important role in streamlining HR processes, and in the context of Malaysia, they have become increasingly essential. Let’s explore the four major HR systems and their significance in the Malaysian business environment. I. Operational […]

Why Is Payslip Important and How to Prepare It in Malaysia

Why Is Payslip Important and How to Prepare It in Malaysia

When we think of a payslip, what often comes to mind is just a piece of paper that shows the breakdown of our salary. However, a payslip holds much more significance than merely being paper. It carries great importance for both employers and employees. This article will explore the importance of the payslip, detailing how to prepare one effectively, what […]

Guide to Annual Leave in Malaysia

Guide to Annual Leave in Malaysia

Annual leave is an important employment benefit that allows employees to take time off from work for leisure, rest, and personal reasons while still receiving their regular salary. In Malaysia, annual leave entitlements are governed by labour laws and employment contracts. In this guide, we will discuss the regulations regarding annual leave in Malaysia and how to prorate annual leave […]

Is HRMS and HRIS the Same in Malaysia

Is HRMS and HRIS the Same in Malaysia

When it comes to human resource management, the differences between Human Resources Information System (HRIS) and Human Resources Management System (HRMS) are often blurred. This is particularly relevant in the context of Malaysia, where businesses are increasingly leveraging advanced HR technologies to optimize their workforce management. In this article, we will explore the nuances of HRIS and HRMS in the […]

Key 2024 Dates for Small Businesses in Malaysia

Key 2024 Dates for Small Businesses in Malaysia

Stepping into 2024, small businesses in Malaysia anticipate a fresh start and new opportunities. In this article, we uncover the key dates crucial for the compliance and success of these businesses throughout the year. From tax return deadlines and essential filing requirements to important consumer spending seasons and school holidays affecting business demands, understanding and marking these dates early on […]

How to Add Employer’s Representative Through MyTax

How to Add Employer’s Representative Through MyTax

Starting from January 1st, 2024, it will be the responsibility of all employers to report new employees within 30 days from their date of employment through the e-CP22 system on MyTax. It’s worth noting that for the submission of CP22 through MyTax, only the company director (with Employer Role in MyTax) has the authority to make the submission. Alternatively, the […]

Understanding Payroll in Malaysia: A Beginner’s Guide

Understanding Payroll in Malaysia: A Beginner’s Guide

In the ever-changing business landscape of Malaysia, the importance of precise and efficient payroll is of utmost importance for both small startups and large corporations. Managing payroll is not just about paying employees; it involves ensuring compliance with local labour laws, calculating taxes accurately, and maintaining comprehensive records. This is where a reliable payroll system can truly make a significant […]

Guide to TP3 Form 2023 in Malaysia

Guide to TP3 Form 2023 in Malaysia

Introduction The Malaysia Inland Revenue Board (LHDN) mandates all newly hired employees to declare their previous employment income from the current year to their new employer. This process is facilitated through the TP3 Form, ensuring precise calculation of PCB/MTD amounts in the payroll system. This guide provides comprehensive information on how to utilize the TP3 Form for the year 2023. […]

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