SOCSO and EIS Ceiling increased from RM5,000 to RM6,000

With effect from 1 October 2024, SOCSO and EIS Contribution ceiling has been increased from RM5,000 to RM6,000. This will take effect for October Payroll / Salary.

SOCSO Contribution
🔺Employer Contribution will increased from highest of RM86.65 to RM104.15
🔺Employee Contribution will increased from highest of RM24.75 to RM29.75
.
Employee Insurance System
🔺Employer Contribution will increased from highest of RM9.90 to RM11.90
🔺Employee Contribution will increased from highest of RM9.90 to RM11.90
.
⏬ Download SOCSO (Amendment) Act 2024 : https://ancgroup.biz/wp-content/uploads/2024/10/Act-A1724.pdf
⏬ Download EIS (Amendment) Act 2024 : https://ancgroup.biz/wp-content/uploads/2024/10/Act-A1725.pdf

ANC Group – Your Personal Tax Advisor

Tax consulting is the core service of ANC Group. Our tax professionals provide clients with comprehensive tax support and guidance. We offer tax consulting and compliance services for expatriates, entrepreneurs, and listed and non-listed companies.

Our tax consulting services include business tax, transaction tax, personal tax, and corporate income tax. We don’t just guide you in interpreting and applying complicated taxation rules, but to explore new opportunities and business trends.

ANC Group keep you abreast with Malaysia tax updates and any changes in the local regulations.

We work closely with industry specialists, authorities, and associated professionals within ANC Group to provide the best-in-class integrated tax planning solutions. ANC specialists coordinate the accounting and taxation services to bring your business to success.