Form E (also known as CP8D ) is a form to be filled and submitted to Inland Revenue Board of Malaysia (IBRM) or Lembaga Hasil Dalam Negeri (LHDN) by an employer on a yearly basis. Submission can be done online through LHDN MyTax Portal (e-Filing) before 31st March every year. Sometimes, there is a month grace period until the end of April. […]
In the tapestry of life’s most exceptional moments, the arrival of a new family member stands unparalleled—a period filled with anticipation, joy, and a fair share of challenges. Within the framework of maternity leave in Malaysia, ‘confinement’ denotes the post-childbirth phase during which a mother is allowed time away from work to recuperate and attend to her and her newborn’s […]
In Malaysia, the onset of a new year brings not just personal resolutions but also the critical task of preparing for the tax season—a period demanding diligent calculations and submissions for business owners, HR professionals, and employees. At the heart of this period are two pivotal documents: Form EA and Form E. These are not merely administrative requirements but foundational […]
Introduction The Malaysia Inland Revenue Board (LHDN) mandates all newly hired employees to report their income from previous employments within the same tax year through the TP3 Form. This essential process is vital for the accurate calculation of Monthly Tax Deduction (MTD) or Potongan Cukai Bulanan (PCB) amounts within the payroll system. This guide is designed to offer detailed insights […]
Human Resource Management Systems (HRMS) are tech tools helping companies manage their workforce. Wondering how they came about? Back in the 1970s, when companies wanted to handle employee management more efficiently, the first thing they computerized was payroll. Big computers, called mainframes, were used to calculate what workers earned, subtract deductions, print checks, and track what the company owed in […]
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 […]
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 […]
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 […]
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 […]
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 […]
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