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Reduction of Statutory Contribution Rate For Employees – 11% to 7%
With reference to the Government’s announcement on the 2020 Economic Stimulus Package on 27 February 2020, the employee’s share of the Employees Provident Fund (EPF) statutory contribution rate will be reduced from 11 per cent to seven (7) per cent.
1. The new statutory contribution rate for employees will affect April 2020’s wage (May 2020’s contribution) up to December 2020’s wage (January 2021’s contribution) subject to the Third Schedule of the EPF Act 1991.
2. The new statutory contribution rate for employees applies to those below 60 years old who are liable for contribution. The statutory contribution rate for employees aged 60 years old and above however, remains unchanged.
Option to maintain employee contribution rate of 11 per cent
Members may choose to maintain the employee contribution rate at 11 per cent by completing Borang KWSP 17A (Khas 2020). This form must be submitted to the EPF via employers and will take effect from the following month. Download the form here: https://www.dropbox.com/s/r5im49mzxlcyk0z/Borang%20KWSP%2017A%20%28Khas%202020%29.pdf?dl=0
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5 Reasons WHY you should move to Cloud Solutions in 2020
The following are the 5 reasons why you should consider to adopt cloud solutions for your company to elevate the growth of your company:
1) Access Anywhere Anytime
Data and applications are available no matter where you are in the world. You can take your work anywhere via smart phones and tablets.
2) Mobile Apps
Both android and iOS mobile apps allow greater flexibility and convenience. Issue invoices, quotations , view business performance reports, view and approve leave and claims on-the-go.
3) Integration
Integration with other cloud-based software to reduce manual intervention and simplify business processes. If you have specific needs, say an e-commerce system, point of sales or a management tool, depending on which cloud solution, you will have option to integrate the systems yourself or subscribe to another available add-on which will provide the additional functions required.
4) Increase Collaboration
When your teams can access, edit and share documents anytime, from anywhere, they’re able to do more together, and do it better.
5) Pay As You Go
You simply pay as you go and enjoy a subscription-based model that is kind to your business cash flow.
Byadmin
Latest Update: Minimum Wage Increase to RM1,200 Per Month in Major Cities Starting 1 February 2020
The minimum wages rates payable to an employee who works in a place of employment in any City Council or Municipal Council areas specified in the Schedule shall be as follows:
| Minimum wages rates | ||||
| Monthly | Daily | Hourly | ||
| Number of working days in a week | ||||
| 6 | 5 | 4 | ||
| RM1,200 | RM46.15 | RM55.38 | RM69.23 | RM5.77 |
LIST OF CITY COUNCIL AREAS:
- Johor Bahru
- Iskandar Puteri
- Alor Setar
- Melaka Bersejarah
- Pulau Pinang
- Seberang Perai
- Ipoh
- Shah Alam
- Petaling Jaya
- Kuala Terengganu
- Kuching Utara
- Kuching Selatan
- Miri
- Kota Kinabalu
- Kuala Lumpur
- Seremban
LIST OF MUNICIPAL COUNCIL AREAS:
- Batu Pahat
- Kluang
- Kulai
- Muar
- Segamat
- Pasir Gudang
- Kulim
- Sungai Petani
- Langkawi
- Kubang Pasu
- Kota Bharu
- Alor Gajah
- Jasin
- Hang Tuah Jaya
- Port Dickson
- Jempol
- Kuantan
- Temerloh
- Bentong
- Manjung
- Kuala Kangsar
- Taiping
- Teluk Intan
- Kangar
- Ampang Jaya
- Kajang
- Klang
- Selayang
- Subang Jaya
- Sepang
- Kemaman
- Dungun
- Padawan
- Sibu
- Kota Samarahan
- Bintulu
- Sandakan
- Tawau
- Labuan
- Putrajaya
For more information, refer to the Federal Government Gazette – Minimum Wages Order 2020
Byadmin
Minimum Wage Increase to RM1,200 Per Month in Major Cities Starting 1 January 2020
The government has decided that the minimum wage increase to RM1,200 a month in major cities under the administration of 57 City Councils and Municipal Councils.
The minimum wage for other major urban areas remains at RM1,100 per month.
MAJOR CITIES LISTING
- Bandaraya Johor Bahru
- Bandaraya Iskandar Puteri
- Bandaraya Alor Setar
- Bandaraya Melaka Bersejarah
- Bandaraya Pulau Pinang
- Bandaraya Seberang Perai
- Bandaraya Ipoh
- Bandaraya Shah Alam
- Bandaraya Petaling Jaya
- Bandaraya Kuala Terengganu
- Bandaraya Kuching Utara
- Bandaraya Kuching Selatan
- Bandaraya Miri
- Bandaraya Kota Kinabalu
- Bandaraya Kuala Lumpur
- Bandar Batu Pahat
- Bandar Kluang
- Bandar Kulai
- Bandar Muar
- Bandar Segamat
- Bandar Pasir Gudang
- Bandar Kulim
- Bandar Sungai Petani
- Bandar Langkawi
- Bandar Kubang Pasu
- Bandar Kota Bharu
- Bandar Alor Gajah
- Bandar Jasin
- Bandar Hang Tuah Jaya
- Bandar Seremban
- Bandar Nilai
- Bandar Port Dickson
- Bandar Jempol
- Bandar Kuantan
- Bandar Temerloh
- Bandar Bentong
- Bandar Manjung
- Bandar Kuala Kangsar
- Bandar Taiping
- Bandar Teluk Intan
- Bandar Kangar
- Bandar Ampang Jaya
- Bandar Kajang
- Bandar Klang
- Bandar Selayang
- Bandar Subang Jaya
- Bandar Sepang
- Bandar Kemaman
- Bandar Dungun
- Bandar Padawan
- Bandar Sibu
- Bandar Kota Samarahan
- Bandar Bintulu
- Bandar Sandakan
- Bandar Tawau
- Bandar Labuan
- Bandar Putrajaya
For more information, refer to the Kenyataan Media Pelaksanaan Gaji Minimum RM1,200 Sebulan di Bandar-Bandar Utama
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Minimum Wages Order (Amendment) 2018
The Minimum Wages Order (Amendment) 2018 gazette issued on November 28, 2018 will be effective on January 1, 2019 with the following amendments:
1.The minimum wages rates, standardised across the country, are as follows:
| Minimum Wages Rate | |||
| Monthly | Daily | Hourly | |
| RM1,100 | 6 working days a week | RM42.31 | RM5.29 |
| 5 working days a week | RM50.77 | ||
| 4 working days a week | RM63.46 | ||
2. For employees who are not paid basic wages but based on piece rate, tonnage, task, trip or commission, their monthly wage payable shall not be less than RM1,100.
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SOCSO & EIS Payment via SOCSO Assist Portal/Internet Banking wef 1 January 2019
Please be informed that all employers will need to use Portal Assist Perkeso/internet banking for statutory payment and employee updates for SOCSO and EIS with effective from 1 January 2019.
Click Here to download the official circular for your reference.