Additional Lifestyle Relief for YA 2020 and 2021 (Personal Income Tax)
[vc_row][vc_column width=”1/2″][vc_column_text] ⚓ Additional Lifestyle Relief for Smart Phone, Tablet, and Personal Computers: Unclaimed amount transferrable? In order to curb the pandemic, the Malaysian government has introduced an additional lifestyle relief for Smart Phone, Tablet and Personel Computers. Effective Year of Assessment 2020 and Year of Assessment 2021, there are 2 types of lifestyle reliefs […]
What is Akta 446?
[vc_row][vc_column width=”1/2″][vc_column_text] What is Akta 446 or Act 446? Akta 446 is the 2019 Employee’s Minimum Standards of Housing, Accommodation, and Amenities Regulations. It was gazetted on 1 June 2020 but got extended to 1 September 2020 in terms of implementation. The standards are applicable for West Malaysia and Labuan. The objective of […]
Residence Status for Expatriate in Malaysia due to Travel Restriction
[vc_row][vc_column width=”1/4″][vc_single_image image=”2786″ img_size=”medium”][/vc_column][vc_column width=”3/4″][vc_column_text]Determination of your tax residency in Malaysia is utterly important as tax resident is being taxed based on scale rate (refer Chapter D) and gets to enjoy relief and rebate (refer Chapter F); whereas non tax resident is taxed based on flat rate of 30% (refer Chapter E), and are not […]
Further Deduction for Employment of Senior Citizen, Ex-Convict, Parolee, Supervised Person and Ex-Drug Dependant
[vc_row][vc_column][vc_column_text] Further / Additional Deduction for Employment of Senior Citizen, Ex-Convict, Parolee, Supervised Person and Ex-Drug Dependant [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] Qualifying Person For the purpose of ascertaining the adjusted income of an employer for the basis period for Year of Assessment 2019 to 2025, an additional deduction is allowed for an employer who employs a Malaysian citizen […]
Is SOCSO Assist Portal really a bad site?Is iPerkeso better?
Many of you have been discussing how complicated the Assist system is, and I don’t deny it because the interface is somewhat confusing. This tutorial video, we will look into how to use Assist Portal to submit your SOCSO, EIS and EI Scheme. ?0:15 : Difference between Assist Portal vs iPerkeso ?0:41 : Base Site […]
Protecting Employees under Employment Insurance System (EIS)
[vc_row][vc_column width=”1/2″][vc_video link=”https://www.youtube.com/watch?v=stagLIuZgW0″][/vc_column][vc_column width=”1/2″][vc_column_text] Objectives of Employment Insurance System (EIS) EIS was first implemented in January 2018 and administered by the Social Security Organization or SOCSO. The EIS seeks to provide temporary financial assistance for up to six months to workers who are retrenched. It also aims to provide extended welfare coverage and aid in […]
Your Tax Obligation As An Employer
[vc_row][vc_column width=”1/2″][vc_video link=”https://youtu.be/NqrOodUTYjs”][/vc_column][vc_column width=”1/2″][vc_column_text] Employer Tax Obligation under Income Tax Act As an employer in Malaysia, there are a couple of employer tax obligation that you have to comply with:- Firstly, companies are required to furnish a statement of remuneration, also known as the Form EA, to their employees by February each year. This allows […]
What Is Human Resource Development Fund (HRDF)
[vc_row][vc_column width=”1/2″][vc_video link=”https://youtu.be/kfAPXa38fiU”][/vc_column][vc_column width=”1/2″][vc_column_text] Objective of HRDF Promote and stimulate manpower training. Assess and determine employee training with human resource needs of industries. Retain and upgrade skills of the employees and apprentices. By contributing to this fund, the contribution will enable the company’s employee to receive training and skills upgrading to develop quality human capital […]
How PCB/MTD Work?How Bonus Affects Your PCB Calculation?
[vc_row][vc_column width=”1/2″][vc_video link=”https://www.youtube.com/watch?v=l9h7LCrAJ4g” title=”Calculation PCB upon Receiving Bonus”][/vc_column][vc_column width=”1/2″][vc_column_text] Monthly Tax Dedudction/PCB An income tax deduction mechanism from an employee’s current monthly remuneration in accordance with the schedule of Monthly Tax Deductions (PCB) or other methods approved by the Director General according to the provision under rule 3, Income Tax (Deduction from Remuneration) Rules 1994 […]
How Does SOCSO Works In Malaysia
[vc_row][vc_column width=”1/2″][vc_video link=”https://youtu.be/3pisPnMWlUE”][/vc_column][vc_column width=”1/2″][vc_column_text] Introduction of Social Security Organization Social Security Organization (SOCSO) is a Malaysian agency that was established to provide social security protection to Malaysian employees or in simple words, an insurance coverage if there is an accident happen to the employee in the work place. Who Are The Employees Reference to s.2 […]
