Malaysia Statutory Update
Update on EPF Employee Contribute Rate
- As per stated in EPF Board Press Release https://www.kwsp.gov.my/en/web/guest/w/epf-supports-budget-2022-measures-tospur-the-economy-and-build-resilience-key-to-rebuilding-retirement-savings, EPF Employee Contribution Rate for members below 60 years old reverts from 9% to 11% with effective from 1 July 2022.
Upon users accessing Company data, reminder message regarding the EPF Contribution Rate has been updated as shown below:
Upon on Minimum Wage Order 2022
Minimum Wages Order 2022 (http://minimumwages.mohr.gov.my/images/mpgn/Warta PGM 2022.pdf ) has been gazetted by Malaysia government with effective from 1 May 2022.
Upon users accessing the newly created Company data, the disclaimer regarding Minimum Wage Law has been updated in compliance with Minimum Wages Order 2022 as shown below:
If you have any questions, please do not hesitate to reply back to below information, I will be able to assist you further.
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