How to Calculate Ordinary Rate of Pay and Rate of Pay for Work Done Outside of Normal Hours of Work in Malaysia If you’re an employer or employee in Malaysia, it’s important to understand how to calculate the ordinary rate of pay and rate of pay for work done outside of normal hours of work. According to the Em... Company Individual Limited Liability Partnership Partnership Sole Proprietorship Dec 13, 2023 Payroll
Employee Departure Management in Malaysia: A Comprehensive Guide to Ensure Compliance with Regulations and Avoid Legal Issues When an employee leaves your company, there are certain procedures that you need to follow. Here are the steps you need to take: EPF: You don’t need to submit any special forms to KWSP if an employee ... Company Limited Liability Partnership Partnership Sole Proprietorship Dec 13, 2023 Payroll
Monthly Tax Deductions (MTD) in Malaysia: Everything You Need to Know Monthly Tax Deductions (MTD) is a mechanism where the employer deducts the employee’s salary on a monthly basis for the purpose of paying the employee’s income tax. MTD is determined either by using c... Company Individual Limited Liability Partnership Partnership Dec 13, 2023 Payroll
The Complete Employer’s Guide to EPF Contributions in Malaysia As an employer in Malaysia, it is your responsibility to pay EPF contributions for any person you have engaged to work under a Contract of Service or Apprenticeship. You must ensure that accurate mont... Company Limited Liability Partnership Partnership Sole Proprietorship Dec 13, 2023 Payroll
Employer’s Guide to EIS, SOCSO, and EPF Contributions in Malaysia As an employer, you are required by law to make monthly contributions towards EIS, SOCSO, and Employee Provident Fund (EPF) for your employees’ benefits. The EIS contribution is 0.2% of an employee’s ... Company Limited Liability Partnership Partnership Sole Proprietorship Dec 13, 2023 Payroll
Comprehensive guide for payroll in Malaysia If you’re looking for a comprehensive guide to Malaysian payroll, you’ve come to the right place! In this article, we’ll explain how to calculate the net monthly salary for each employee by starting w... Company Individual Limited Liability Partnership Partnership Sole Proprietorship Dec 13, 2023 Payroll
How to Open a Corporate Bank Account in Malaysia: A Comprehensive Guide Why Open a Corporate Bank Account? Opening a corporate bank account in Malaysia is a crucial step for businesses, whether local or foreign. Here’s why it matters: Transaction management : A dedicated ... Bank Account Company Limited Liability Partnership Partnership Sole Proprietorship Dec 12, 2023 Dormant
Starting a Business in Malaysia: Everything You Need to Know About Sole Proprietorships A sole proprietorship is the simplest form of business ownership in Malaysia, where the owner and the company are the same entity. This means that everything you earn through your business counts as p... Company Sole Proprietorship Dec 12, 2023 Dormant
Executive Directors vs. Non-Executive Directors: What’s the Difference in Malaysia? In Malaysia, there are two types of directors: executive directors and non-executive directors . The differences between these two types of directors lie in their respective roles and functions. Execu... Company Director Dec 12, 2023 Dormant
Foreign Company Set Up in Malaysia: A Comprehensive Guide Understanding Business Entities for Foreign Ownership As a foreign investor planning to establish a company in Malaysia, it’s crucial to explore the various business entity options that allow foreign ... Company Foreign Dec 12, 2023 Dormant
Understanding Nominee Shareholders in Malaysia Introduction to Shareholders in Malaysia In the context of Malaysian companies, shareholders are individuals or legal entities that hold shares in a company. These shares represent ownership and membe... Company Shareholder Dec 11, 2023 Dormant