Category Global Business Service

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EIS & SOCSO Contribution: A Guide for Employers in Malaysia

Like EPF contributions and MTD, Employers are also obliged to make deductions for SOCSO and EIS contributions on behalf of employees, in addition to making a small contribution to the employees’ accounts out of employers’ pocket. SOCSO and EIS are…

12 04

EPF Contribution: Employer’s Obligations in Malaysia

EPF is a savings fund that private sector employees and employers in Malaysia are obliged to contribute monthly. Although employees’ contribution comes from their salaries, it is actually the responsibility of employers to make the deductions from employees’ and remit…

12 06

A Guide to Monthly Tax Deductions (MTD) in Malaysia

Before monthly tax deduction (MTD) was introduced, it was the responsibility of employees to ensure that, whenever due, income tax is paid from their employment income. When MTD was introduced, as far employment income is concerned, it became the employers’…

12 02

Payroll Records for Payroll Calculations in Malaysia

Payroll documentation serves as sources for the figures used in payroll calculations. Even if you were to outsource your payroll processing, you still need to maintain payroll documentation for each employee, and provide them to your payroll services vendor for…

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Digitalisation – The New Transformation Trend for Businesses 

Introduction Whether you are aware of the changes in technology brings or not, it indeed alters many ways of how things work; and, digitalisation is one of the outcomes of technology advancement. The word “digitalisation” refers to the process of leveraging…

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The Impact of Blockchain on the Accounting Profession

Blockchain is known as Distributed Ledger Technology (DLT), a digital system that records asset transactions and their details in multiple locations simultaneously. It offers audit firms and accountants an opportunity to streamline their audits and processes since it provides a transparent and immutable record of all data. It helps to ensure that the data is truthful and accurate.
How to ensure payroll process is not disrupted in turbulent times Chn Cover

疫情期间,如何确保工资正常发放?

2020年3月25日下午1时,首相丹斯里慕尤丁·雅辛宣布了延长行动管指令。那么如何在这段特殊的时间里,有效的保证员工的工资发放问题,可能是很多企业迫切关心的问题之一?