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. […]

How to Submit CP22 for New Employees via LHDN MyTax Portal

How to Submit CP22 for New Employees via LHDN MyTax Portal

Form CP22 is a prescribed notification form in Malaysia, used by employers to report new employees who are or are likely to be chargeable to tax to the Inland Revenue Board of Malaysia (IRBM) or LHDN. Employers are mandated to submit this form within 30 days from the commencement of employment, detailing particulars of the employer, the new employee, and […]

Types of Leave in Malaysia

Types of Leave in Malaysia

In Malaysia, employees are entitled to a range of leave policies designed to support their well-being and work-life balance. These policies address various needs and circumstances that may arise during an employee’s tenure. In this post, we will provide a detailed overview of the various types of leave in Malaysia, distinguishing between mandatory and optional categories. By gaining this insight, […]

Public Holidays in Malaysia

Public Holidays in Malaysia

How many Public Holidays do we have in Malaysia? National Level Public Holiday In Malaysia, we have two types of public holidays, those at national and state levels. National holidays are the below mentioned public holidays, normally observed by most governmental and private organizations: State Level Public Holiday State holidays are normally observed by certain states in Malaysia or when […]

Pay Employee Salaries Via Bank Accounts: MOHR

Pay Employee Salaries Via Bank Accounts: MOHR

Minister of Human Resources, V Sivakumar, has urged employers in Malaysia to ensure that the payment of wages to all their employees whether local or foreign must be paid through bank accounts. This directive aligns with the guidelines outlined in Section 25 and 25(A) of the Employment Act 1955 [Act 265]. Cash or cheque payments of wages are permissible only […]

10 Benefits of Outsourcing Payroll

10 Benefits of Outsourcing Payroll

In today’s fast-paced business landscape, staying ahead means optimizing every aspect of your operations. One often overlooked area that can yield significant advantages is payroll management. Outsourcing payroll services is a strategic move that can streamline processes, boost efficiency, and drive overall business success. In this article, we’ll explore the top 10 benefits of outsourcing your payroll and why it’s […]

Potential Public Holiday Alert: Implications for Employers

Potential Public Holiday Alert: Implications for Employers

The prospect of an additional public holiday is always a cause for excitement. The Government of Selangor state has hinted at the possibility of declaring a public holiday on 14 August 2023 (Monday) if the Selangor Government emerges victorious in the upcoming election. However, the application of this potential holiday is contingent upon various factors, including the policies and agreements […]

Payroll Guide: Payroll Process and Compliance in Malaysia

Payroll Guide: Payroll Process and Compliance in Malaysia

Managing payroll is a crucial aspect of running a business in Malaysia. It involves accurately calculating employee salaries, complying with legal requirements, and ensuring timely contributions to various statutory bodies. To help businesses navigate the complexities of payroll processing and compliance, this article provides a comprehensive guide to the payroll process and regulatory landscape in Malaysia. 1. Registering with Relevant […]

Can Employer Deduct Employee’s Salary?

Can Employer Deduct Employee’s Salary?

The Employment Act 1955 has been expanded as of January 1, 2023, extending its provisions on salary deductions to apply to all employees, not just those earning RM 2,000 and below. According to Section 24 of the Act, employers are generally not allowed to deduct employees’ salaries unless authorized under the Act. Generally, there are 3 categories of permissible deductions: […]

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