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Employees' Provident Fund ( EPF; Malay: Kumpulan Wang Simpanan Pekerja, KWSP) is a federal statutory body under the purview of the Ministry of Finance. It manages the compulsory savings plan and retirement planning for private sector workers in Malaysia. Membership of the EPF is mandatory for Malaysian citizens employed in the private sector ...
The Ministry of Human Resources ( Malay: Kementerian Sumber Manusia ), abbreviated KESUMA or MOHR, is a ministry of the Government of Malaysia that is responsible for skills development, labour, occupational safety and health, trade unions, industrial relations, industrial court, labour market information and analysis, social security.
Tax withholding, also known as tax retention, pay-as-you-earn tax or tax deduction at source, is income tax paid to the government by the payer of the income rather than by the recipient of the income. The tax is thus withheld or deducted from the income due to the recipient. In most jurisdictions, tax withholding applies to employment income.
A payroll is a list of employees of a company who are entitled to receive compensation as well as other work benefits, as well as the amounts that each should obtain. [1] Along with the amounts that each employee should receive for time worked or tasks performed, payroll can also refer to a company's records of payments that were previously ...
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The North–South Expressway is a network of tolled controlled-access highways running through the west coast of Peninsular Malaysia. The expressway network consists of the northern route and southern route, having a total length of 772 kilometres (480 miles). Running through seven states and connecting the Thailand and Singapore borders, the ...
The tax is paid by employers based on the total remuneration (salary and benefits) paid to all employees, at a standard rate of 14% (though, under certain circumstances, can be as low as 4.75%). Employers are allowed to deduct a small percentage of an employee's pay (around 4%). [7] Another tax, social insurance, is withheld by the employer.
The Ministry of Defence ( Malay: Kementerian Pertahanan ), abbreviated MINDEF [1] or KEMENTAH, [2] is a ministry of the Government of Malaysia that is responsible for defence, national security, army, navy, hydrography, air force, armed forces, intelligence services, counterintelligence, military intelligence, national service, and veterans ...