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The Royal Malaysian Customs Department (RMCD / KASTAM) has launched a crucial initiative for all Malaysian businesses: the Voluntary Disclosure Programme 2.0 (VDP 2.0) for indirect taxes. This program presents a golden opportunity for companies to voluntarily declare any past underpayments or errors related to Sales Tax and Service Tax (SST) and receive a 100% […]
In a recent announcement that brings significant relief to many small and medium enterprises (SMEs), the Ministry of Finance Malaysia has introduced two major updates to the Service Tax (SST) framework. These changes are aimed at lightening the tax burden on small businesses affected by the recent expansion of the SST scope. The two key […]
In a significant move to create more inclusive and family-friendly workplaces, TalentCorp Malaysia, in collaboration with the Ministry of Human Resources, has officially launched the new “Work-Life Grant 2025”. This initiative is designed to provide financial support and incentives for companies that implement and enhance Flexible Work Arrangements (FWA) and programs that support women’s participation […]
In a significant move to strengthen Malaysia’s social safety net, the Social Security Organisation (PERKESO) has just announced a major overhaul of the Employment Insurance System (EIS) benefits. The changes, set to take effect for all new claims starting August 1, 2025, include an increase in the maximum claimable benefits and the introduction of a […]
The Inland Revenue Board of Malaysia (LHDN or HASiL) has issued a significant press release today, June 30, 2025, to clarify the application of the 2% withholding tax under Section 107D of the Income Tax Act 1967. The clarification specifically addresses the situation involving payments made to agents, dealers, or distributors (referred to as EPP) […]
In a landmark announcement this week, Malaysia’s Ministry of Human Resources has unveiled plans to launch a “Progressive Wage and Work-Life Balance Pilot Program,” which includes a structured trial for a four-day work week. The initiative, set to begin in the fourth quarter of 2025, is designed to study the impact of condensed work schedules […]
The Social Security Organisation (PERKESO / SOCSO) has released an important circular announcing an increase in the maximum insurable salary for both the Social Security (SOCSO) and the Employment Insurance System (EIS) schemes. Effective from the September 2025 salary (for the October 2025 contribution month), the insurable monthly salary ceiling will be raised from the […]
In a major policy update affecting employers nationwide, the Human Resource Development Corporation (HRD Corp) has announced an increase in the mandatory levy contribution rate. Effective from the August 2025 salary (for the September 2025 contribution month), the mandatory levy rate will be raised from the current 1.0% to 1.5% of the employee’s monthly salary. […]
In a significant development for Malaysian businesses, the Ministry of Finance today, on June 27, 2025, released a press statement detailing a major review of the Sales and Service Tax (SST) framework. The announcement introduces new sales tax exemptions on essential goods, a substantial increase in the service tax threshold for specific industries, and a […]