Atikah, Author at CentralHR | Fully Integrated HR Solutions

October 28, 2024

Budget 2025: Key Updates for Employers and HR Leaders

Malaysia’s Prime Minister, Datuk Seri Anwar Ibrahim, unveiled the 2025 Budget with numerous changes directly impacting HR, payroll, and taxation systems. Here’s a breakdown of the most relevant updates for employers and HR professionals, focusing on social security, wages, employee welfare, tax incentives, and training programs. 1. Social Security Organisation (SOCSO) Updates The Self-Employment Social Security Scheme will continue covering […]

October 7, 2024

New SOCSO and EIS Contribution Tables Effective October 1, 2024

Effective October 1, 2024, employers in Malaysia must adhere to updated contribution tables for the Social Security Organisation (SOCSO) and Employment Insurance System (EIS). This update raises the wage ceiling for contributions from RM5,000 to RM6,000 per month. Employees earning more than RM5,000 will now have their contributions capped at the new ceiling of RM6,000. This change is aimed at […]

September 4, 2024

The Comprehensive Guide to SOCSO Contributions in Malaysia

The main function of SOCSO is to provide social security protection to employees and their dependents through the Employment Injury and the Invalidity Scheme.

May 7, 2024

Income Tax Department Announcement: Transition to e-PCB Plus System

The Inland Revenue Board of Malaysia (LHDN) has officially announced the launch of the e-PCB PLUS System, which will replace the current e-PCB, e-CP39, and e-Data PCB systems. This new unified platform, accessible via the MyTax portal, aims to streamline the management of Monthly Tax Deduction (PCB) processes. Overview of e-PCB Plus System The new e-PCB Plus System integrates all […]

March 19, 2024

Personal Tax Relief for YA 2023 in Malaysia: An Employee’s Guide

As we move into the Year of Assessment (YA) 2023, understanding Malaysia’s personal tax relief measures becomes crucial for employees aiming to optimize their tax filings and reduce their tax burden. The Malaysian government has introduced various tax relief measures to support individuals and families, incentivize savings, and promote specific economic activities. This guide provides a detailed overview of the […]

February 20, 2024

Tax Treatment on Company Trip: Detailed Insights

In this comprehensive guide, we’ll delve deeper into the tax implications for company-sponsored trips, focusing on the nuances that affect both employers and employees. Notably, we address the specifics of leave passage benefits and how they are treated under Malaysian tax laws. Understanding Leave Passage Benefits Leave passage benefits are an important aspect of company-sponsored trips, with specific tax treatments […]

November 29, 2023

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 […]

October 23, 2023

Individual Income Tax in Malaysia: A Guide for 2023

Introduction: The realm of individual income tax can often seem labyrinthine and overwhelming, especially for those grappling with the regulations for the first time. In Malaysia, every income earner, be it a resident or a non-resident, must understand the intricacies of the income tax system to ensure accurate compliance and optimal financial planning. This article aims to serve as a […]

September 21, 2023

Guide to Compensation and Benefits in Malaysia

Compensation and benefits play a pivotal role in attracting, retaining, and motivating employees in Malaysia. A well-structured compensation package and a robust benefits program not only ensure legal compliance but also enhance employee satisfaction and overall company performance. In this guide, we will delve into the intricacies of compensation and benefits in Malaysia, providing valuable insights, best practices, and compliance […]

September 21, 2023

Integrating Payroll Outsourcing with HR Management

In today’s dynamic business landscape, efficiency, accuracy, and compliance are the cornerstones of successful HR and payroll management. As businesses grow, so do the complexities of managing human resources and payroll processes. To streamline operations and empower HR teams to focus on strategic initiatives, integrating payroll outsourcing with HR management has emerged as a game-changer. In this article, we explore […]

Author: Atikah