Tax Relief on Voluntary Contribution to Employees Provident Fund
Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia’s national budget for 2023 was re-tabled again in February 2023; for more info, please visit – https://www.ccs-co.com/post/budget-2023-malaysia-madani Current Position Subsection 49(1) of the ITA provides that a deduction up to RM 7,000 can be claimed by an individual on – To explain in a […]
The Difference between a Contractor / Freelancer and an Employee
1. The decision to report a person’s income on Form E is based on whether or not he is an employee, not on whether there are EPF or SOCSO contributions or not. 2. As a result, the employer must determine if the individual is an employee, a contractor, or a so-called freelancer before proceeding. 🌻🌻🌻🌻🌻🌻🌻🌻🌻 […]
EPF (Amendment of Third Schedule) (No. 2) (Extension of Operation) Order 2021
1. On 23 December 2021, the Minister, in the exercise of the powers conferred by section 74 of the Employees Provident Fund Act 1991 [Act 452], gazetted the Employees Provident Fund (Amendment of Third Schedule) (No. 2) (Extension of Operation) Order 2021 [P.U. (A) 467 (2021)]. 2. This Order comes into operation on 1 January […]
