Newsroom / Press
Year 2020 E Filling
Feb 22, 2021Hi
Malaysia LHDN E Filling will be opne for submission on 1st March 2021.
Please refer to below link for further clarification.
http://www.hasil.gov.my/bt_goindex.php?bt_kump=6&bt_skum=1&bt_posi=2&bt_unit=4&bt_sequ=657&cpage=0
Malaysia LHDN E Filling will be opne for submission on 1st March 2021.
Please refer to below link for further clarification.
http://www.hasil.gov.my/bt_goindex.php?bt_kump=6&bt_skum=1&bt_posi=2&bt_unit=4&bt_sequ=657&cpage=0
Program E Filling For Year 2021
Feb 8, 2021Please find below link to LHDN Web Portal about E Filling for Year 2021.
http://www.hasil.gov.my/index.php?bt_lgv=2
Then you may click on Forms > Return Forms (RF) Filling For The Year 2021.
Thanks.
LHDN New Form for CP22 and CP22A
Feb 5, 2021Hi,
LHDN had release new set of CP22 adn CP22A Form. Please find below link to download the new form. The new form effective 1st January 2021.
http://www.hasil.gov.my/bt_goindex.php?bt_kump=10&bt_skum=1&bt_posi=1&bt_unit=1&bt_sequ=350&cpage=0
Thanks.
LHDN had release new set of CP22 adn CP22A Form. Please find below link to download the new form. The new form effective 1st January 2021.
http://www.hasil.gov.my/bt_goindex.php?bt_kump=10&bt_skum=1&bt_posi=1&bt_unit=1&bt_sequ=350&cpage=0
Thanks.
EPF Contribution Update for year 2021
Dec 3, 2020Hi,
You may refer to below URL Link for latest Employee EPF Contribution Rate update. for year 2021.
https://www.kwsp.gov.my/en/belanjawan-2021#Reduction-Statutory-Contribution-Rate
All employees need to fill up the form and submit to employer to remain EPF Contribution rate at 11%.
Thanks.
You may refer to below URL Link for latest Employee EPF Contribution Rate update. for year 2021.
https://www.kwsp.gov.my/en/belanjawan-2021#Reduction-Statutory-Contribution-Rate
All employees need to fill up the form and submit to employer to remain EPF Contribution rate at 11%.
Thanks.
EPF i-Sinar Details Update
Nov 27, 2020Please find the below new link for EPF/KWSP latest i-Sinar Update on 26th November 2020.
https://www.kwsp.gov.my/-/i-sinar-expanded-coverage-and-maximum-withdrawal-amount-of-up-to-rm10-000-and-rm60-000-from-account-1
Thanks.
https://www.kwsp.gov.my/-/i-sinar-expanded-coverage-and-maximum-withdrawal-amount-of-up-to-rm10-000-and-rm60-000-from-account-1
Thanks.
EPF i-Sinar Details
Nov 23, 2020Please find below URL link for latest infomration on EPF i-Sinar Details.
https://www.kwsp.gov.my/-/i-sinar-enables-2-million-affected-members-access-to-account-1
Thanks.
https://www.kwsp.gov.my/-/i-sinar-enables-2-million-affected-members-access-to-account-1
Thanks.
Malaysia Budget 2021 Updates
Nov 7, 2020Malaysia Budget 2021 Updates:
- Employee EPF contribution rate is reduced from 11 to 9% beginning January 2021 for a period of 12 months.
- Allow EPF Members to withdraw EPF savings from Account 1 who have lost their jobs. The amount allowed will be limited to RM500 a month with a total of up to RM6,000 over 12 months. Eligible contributors can apply beginning January 2021.
- Allow EPF Members to withdraw from EPF Account 2 to purchase insurance and takaful products which are approved by EPF relating to life and critical illnesses coverage for themselves and their family.
- The maximum tax relief for disabled husband and wife increased to RM5,000 from RM3,500.
- The Private Retirement Scheme (PRS) tax relief of RM3,000 a year has been extended till year of assessment 2025.
- To encourage parents to save for the costs of their children’s higher education fees, a tax relief of up to RM8,000 for National Education Savings Scheme (SSPN) net savings will be extended until year of assessment 2022.
- The limit of ‘lifestyle tax relief’ has been increased to RM3,000, which is an increase of RM500 specifically for sports-related expenditure, including entrance fees for sports competitions. The scope of the relief has also been expanded to include subscription of electronic newspapers.
- The maximum tax relief for individual, spouse and children's medical expenses for serious medical ailments has been increased to RM8,000 from RM 6,000.
- The maximum tax relief for medical treatment, special needs and care expenses for parents has been increased to RM8,000 from RM 5,000.
- Tax relief for a full health screening had been increased to RM1,000 from RM 500. Furthermore, scope of health screening expanded to include expenses on vaccine such as for pneumococcal, influenza and Covid-19.
- Reduction of personal income tax rate by 1% for chargeable annual income of RM50,001 – RM70,000.
- The income tax exemption limit for compensation on loss of employment will be increased from RM10,000 to RM20,000 for each full year of service.
- The scope of tax relief on self-education fee of RM7,000 be expanded to include courses of up-skilling or self-enhancement. The maximum relief for education fee under this scope to be limited to RM1,000.
- To encourage more individual investors to participate in equity crowdfunding (ECF) platforms, an income tax exemption of 50% from the invested amount or limited to RM50,000 will be given.
- Additional tax deductions for employers who employ senior citizens. This tax deduction will be extended until 2025.
- 6 months HRDF levies exemption will be given (effective from 1 January 2021). This exemption will only cover the tourism industry and companies affected by the COVID-19 crisis.
- Tax Incentive for manufacturers of pharmaceutical products including vaccines to invest in Malaysia, preferential tax rate of 0 to 10% for 10 years.
- Additional tax deduction for employers who employ Ex-Convict, Parolee, Supervised Person and Ex-Drug Dependent. This tax deduction will be extended until 2025.
- Returning expert may choose to be taxed at a flat rate of 15% for a period of 5 consecutive years. This is extended till year 2023.
- Wage Subsidy Program to be continue for another 3 months for Tourism and Retail sector for RM 600 per employee per month for salary below RM 4,000 and limit of 200 employees per application increased to 500 employees.
- SAVE 2.0 program, an e-Rebate of RM200 program for households who buy any energy efficient locally manufactured air conditioner or refrigerator.
- Full stamp duty exemption will be given to Sales & Purchase and Loan agreement for the purchase of a first home worth not more than RM500,000. This exemption will be for the S&P sign from January 2021 to Dec 31, 2025.
- RM1,000 Grant Khas Prihatin for Sabah's traders, hawkers, taxi drivers, e-hailing, rental cars and tour drivers.
- One-off RM50 into e-wallet accounts for those aged 18 to 20 years via the eBelia Programme.
SME Digitalization Grant
Oct 18, 2020Prior to the pandemic, a paradigm shift towards digitization of the economy was already underway. It is evidenced that when pandemic attacks this year, digital transformation is accelerated as the business world was disrupted.
Go digital today for your payroll management !
Grant amounting up to 50% or a maximum of RM 5,000 is now available for eligible Small and Medium-Sized Enterprises. Limited to the first 100,000 SMEs applications only. This digitalization initiative under Malaysia Budget 2020 is to encourage SMEs to adopt and utilize digital applications in their business operations.
SCG GLOBAL SOLUTIONS is a certified Technology Solution Provider (TSP) under the Malaysian Government's Business Digitalization Matching Grant initiative for SMEs.
Hurry up and call us today for more information.
#SMEdigitalisationgrant #PENJANA #MEDEC #payroll #payrollmanagement #payrollsolutions
Latest Update on EPF / KWSP Contribution Due Date
Sep 7, 2020The Employees Provident Fund (EPF) is extending the date for employers to remit their mandatory contribution for the months of September 2020 until December 2020, from the 15th to the 30th of each month respectively.
Please find below URL for your reference.
https://www.kwsp.gov.my/-/extension-of-september-december-2020-contribution-payment-date
Thanks.
Please find below URL for your reference.
https://www.kwsp.gov.my/-/extension-of-september-december-2020-contribution-payment-date
Thanks.
Latest Update on LHDN Tax Form Submission
Jul 22, 2020Hi,
There is latest update on LHDN Malaysia on Income Tax Return Form (ITRF) B which mean for individual residents who have business income (sole proprietorship) or partnership.
The original due date for submission is 30th June 2020 (Manual Submission) and 15th July 2020 (e-Filling).
Now it has extend until 31st August 2020 for both Manual submission and e-Filling.
You may refer to below URL Link for further information.
http://www.hasil.gov.my/index1.php?bt_lgv=2
Thanks.
There is latest update on LHDN Malaysia on Income Tax Return Form (ITRF) B which mean for individual residents who have business income (sole proprietorship) or partnership.
The original due date for submission is 30th June 2020 (Manual Submission) and 15th July 2020 (e-Filling).
Now it has extend until 31st August 2020 for both Manual submission and e-Filling.
You may refer to below URL Link for further information.
http://www.hasil.gov.my/index1.php?bt_lgv=2
Thanks.
Agong's birthday moved from June 6 to June 8
May 21, 2020The public holiday to mark the birthday of the Yang di-Pertuan Agong has been moved from June 6 to June 8 this year. Please kindly take note on the changes and amend your calendar accordingly.
https://www.nst.com.my/news/nation/2020/03/571660/agongs-birthday-moved-june-6-june-8
https://www.nst.com.my/news/nation/2020/03/571660/agongs-birthday-moved-june-6-june-8
Latest EPF Contribution Update
May 14, 2020
EPF had announce In light of the extension of the Conditional Movement Control Order (CMCO) and its subsequent impact on business activities in the country, the Employees Provident Fund (EPF) is extending the date for employers to remit their mandatory contribution for the months of May 2020 until July 2020, from the 15th to the 30th of each month respectively.
Please refer to below link for further clarification.
https://www.kwsp.gov.my/-/extension-of-may-june-and-july-2020-contribution-payment-date
Latest EPF Contribution Update
May 14, 2020
EPF had announce In light of the extension of the Conditional Movement Control Order (CMCO) and its subsequent impact on business activities in the country, the Employees Provident Fund (EPF) is extending the date for employers to remit their mandatory contribution for the months of May 2020 until July 2020, from the 15th to the 30th of each month respectively.
Please refer to below link for further clarification.
https://www.kwsp.gov.my/-/extension-of-may-june-and-july-2020-contribution-payment-date
Latest Update on LHDN FAQ
May 11, 2020As per Malaysia PM Announcement yesterday (10th May 2020), the Conditional Movement Control Order (CMCO) period has been extended until 9th June 2020.
Please find below URL Link (Updated 10th May 2020) for latest update on Malaysia Tax Affairs during Conditional Movement Control Order for your reference.
http://lampiran1.hasil.gov.my/pdf/pdfam/faq_2.pdf
Please find below URL Link (Updated 10th May 2020) for latest update on Malaysia Tax Affairs during Conditional Movement Control Order for your reference.
http://lampiran1.hasil.gov.my/pdf/pdfam/faq_2.pdf
Movement Control Order (MCO) has been extended until 12th may 2020
Apr 23, 2020Following PM’s latest announcement on Movement Control Order (MCO) from 18th March to 28th April 2020, and now it has been extended until 12th May 2020. We understand that this may had caused some inconveniency to your HR’s operation especially on payroll process operation.
We, SCG Global Solutions will continue to operate remotely and should your company require support to bring payroll data back and work from home, we are able to support installation and setup via remotely . Meanwhile, we can offer temporary payroll data process at our end (payroll outsourse) as well.
We hope to extend our best support to all our customers.
Should you have further enquiries, please do not hesitate to contact /whatssap us at 012-3002503 or email = andy@payrolloutsource.com.my.
Wish everyone continue to stay safe and heallthy!
Wish everyone continue to stay safe and heallthy!
Latest Update on Statutory Submission and Payment for March and April 2020
Apr 14, 2020Good day.
As the new announcement by Malaysia Prime Minister, MCO has been extended until 28th April 2020. Below are the latest update from all Malaysia statutory submission and payment for salary March and April 2020.
1. KWPS (Employee Provident Fund) = Due date submission of March 2020 salary (April 2020 Contribution) has been extended until 30th April 2020. You may refer to this URL = https://www.kwsp.gov.my/-/april-2020-contribution-payment-date-further-extended-to-30-april
2. Perkeso and SIP (Socso and EIS) = Due date submission of March 2020 is until 30th April 2020 (May not have Penalty charges, but it is not confirm by Socso website). So my advise is to submit on time for Socso and EIS for March 2020 contribution. But for April 2020 until September 2020, payment and submission will be the last day of the following month. You may refer to this link for Socso and EIS submission date = https://www.facebook.com/PERKESO.Official/photos/a.270248946321306/3217025721643599/?type=3
3. LHDN (Income Tax Malaysia) = Due date submission for March and April 2020 PCB deduction is until 31st May 2020. You may refer to this link = http://lampiran2.hasil.gov.my/pdf/pdfam/faq_1.pdf and it is under Page 9.
Stay safe at home!!!
EPF Contribution Rate of 7%
Apr 2, 2020Would like to announce and inform that with effective 1st April 2020, new EPF Contribution rate for Employee will be reduce to 7% instead of 11%. If employee would like to remain 11% contribution, employer need to submit KWSP17 (KHAS2020) to EPF department for their record.
Employer contribution remain unchange.
The new rate will take effect from 1st April 2020 to 31st December 2020.
Thanks and stay safe.
EPF Latest Update for 7% Contribution
Mar 31, 2020Latest update by EPF Department for 7% contribution rate with effective 1st April 2020.
All employers are require to fill up the Excel form KWSP17 (KHAS2020) for employee that would like to remain 11% contribution rate and email the form to EPF officer. Hard copy submission is not acceptable as of now with the MCO period. Please follow below step for the EPF 11% Voluntary submission to EPF department.
Step 1 = Download form from EPF website (https://www.kwsp.gov.my/) (Excel format)
Step 2 = Fill up the form with necessary information (No Signature and company cop is required)
Step 3 = Send the excel form to VE2020@epf.gov.my with the Email Subject = VE2020
For customer that has already fill up manual hard copy form, you may need to type it into the Excel copy and send it to EPF department.
Lastly, wish everyone stay healthy at home.
Latest Announcement from LHDN Malaysia
Mar 30, 2020Please find latest announcement from LHDN Malaysia in regards to E-Filing and Submission for your reference.
E Form and BE Form submission has been extended with additional 2 months as per below.
Company E Form submission is due on 31st May 2020 (Original date is 31st March 2020)
Personal BE Form submission is due on 30th June 2020 (Original date is 30th April 2020)
You may refer to www.hasil.gov.my for further clarification.
Movement Control Order
Mar 25, 2020Malaysia Prime Minister had announce that the Movement Control Order (MCO) has been extended for another 2 weeks which will end on 14th April 2020.
We, SCG Global Solutions will continue to operate remotely and should your company require support to bring payroll data back and work from home, we are able to support installation via team view remotely . Meanwhile, we can offer temporary payroll data process at our end (payroll outsourse) as well.
We hope to extend our best support to all our customers.
Should you have further enquiries, please do not hesitate to contact / whatssap us at 012-3002503 or email = andy@payrolloutsource.com.my.
Thanks and wish every Malaysian stay safe and heallthy!!!
Thanks and wish every Malaysian stay safe and heallthy!!!