Introduction Employment contracts are a key document that sets out the terms of engagement between employer and employee. While many companies prepare and sign these contracts diligently, one question frequently arises: Do employment contracts need to be stamped in Malaysia? This article provides a practical guide for HR managers and employers on stamping employment contracts, including recent updates from the […]
Securing an Employment Pass (EP) is essential for expatriates seeking employment in Malaysia. This guide provides a comprehensive overview of the application process, eligibility criteria, required documentation, processing timelines, and common pitfalls to avoid. What is an Employment Pass? An Employment Pass is a work permit that allows foreign professionals, managers, and executives to legally work and reside in Malaysia. […]
Submitting Form E and C.P.8D is a critical annual compliance requirement for employers in Malaysia. These forms are part of the statutory obligations to report employee income details to the Inland Revenue Board of Malaysia (LHDN). In this guide, we will walk you through the steps to accurately submit Form E and C.P.8D for the 2024 assessment year. What Are […]
The Inland Revenue Board (LHDN) of Malaysia has introduced a Tax Identification Number (TIN) search service to streamline tax-related activities under the Income Tax Act (ITA). This new feature allows taxpayers to easily find their TIN using the MyTax Portal, enhancing convenience and compliance. Below is a step-by-step guide on how to search for your TIN through MyTax. Why You […]
The Malaysian tax system continues to evolve to support taxpayers with enhanced benefits. As we approach 2025, several significant updates have been announced that will impact employees, families, and organizations. Below is a detailed breakdown of the changes in tax reliefs effective from the year of assessment 2025 and beyond. 1. Medical Treatment Tax Relief The existing tax relief of […]
Minimum Wages in Malaysia 2025: What Employers and Employees Need to Know As we approach 2025, the discussion on minimum wages in Malaysia continues to take center stage for employers, employees, and policymakers. Ensuring fair wages while balancing economic growth is a key priority for the Malaysian government. In this article, we will explore the new Minimum Wages Order 2024 […]
The PCB (Potongan Cukai Berjadual) Calculator 2024 is an essential tool provided by LHDN Malaysia to help employers accurately compute monthly tax deductions for employees. This guide walks you through each step to calculate PCB, especially for employees who were not employed earlier in the year. Step 1: Access the PCB Calculator Step 2: Enter Employee Personal Details Fill in […]
Working hours play a vital role in the employment landscape, shaping how businesses operate and ensuring a balanced work-life environment for employees. In Malaysia, working hours are regulated under the Employment Act 1955, which ensures that employees are not overworked while still maintaining productivity. Whether you’re an employer or employee, understanding the rules governing working hours, overtime, and rest days […]
If you are an employer in Malaysia, it is essential to register your business with three key government agencies: the Employees Provident Fund (EPF), the Social Security Organisation (SOCSO), and the Inland Revenue Board of Malaysia (LHDN). Each registration serves different purposes, from retirement savings to employment injury protection and income tax. This guide will walk you through the steps […]
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 […]