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 […]
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 […]
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 […]
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 […]
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 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 […]
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 […]
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