Employers in Malaysia are required by law to notify the Inland Revenue Board of Malaysia (LHDN) of certain employee-related changes, including new hires, cessation of employment, and employees leaving Malaysia. These notifications are made using Form CP22, CP22A, and CP21. Each form serves a specific purpose, and all come with strict submission deadlines. Failure to comply may result in a […]
KUALA LUMPUR, 6 June 2025 – The Inland Revenue Board (LHDN) has issued an important update concerning stamp duty requirements for employment contracts, providing much-needed clarity for employers nationwide. Summary of Stamp Duty Requirements for Employment Contracts To ease compliance and reduce the burden on employers, LHDN has introduced a phased approach for enforcing stamp duty on employment contracts: Contract […]
Based on: LHDNM’s Requirements on Stamping of Employment Contracts, presented by MEF Adviser Datuk Hj Shamsuddin Bardan Starting January 2025, Malaysia’s Inland Revenue Board (LHDNM) has begun actively enforcing the Stamp Act 1949 in relation to employment contracts. MEF Adviser Datuk Hj Shamsuddin Bardan recently provided an in-depth briefing on this development to over 2,400 HR professionals, clarifying the requirements, […]
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 […]
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 […]
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 […]
The Employees Provident Fund (EPF) is a key pillar of Malaysia’s retirement savings scheme, providing financial security for individuals in their retirement years. Besides its role in retirement planning, the EPF also offers significant tax benefits, allowing contributors to reduce their taxable income. Understanding how EPF contributions work, including the tax exemptions available, is crucial for both employees and the […]
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 […]