Tax Highlight – May 2016

Our Tax Highlight - May 2016 We are pleased to present our Tax Highlight - May 2016 In this highlight, we will discuss about the SOCSO changes, contradicting facts in Supply Guide, several updates on GST Guides and Income Tax exemptions...

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Amendment to Employees’ Social Security Act, 1969

Effective 1 June 2016, the eligibility of mandatory contribution / maximum salary ceiling is increased from RM3,000 to RM4,000. In connection with the amendment:- 1. the employee’s maximum monthly SOCSO contribution is increased from RM14.75 to RM19.75 2. the employer’s maximum monthly SOCSO...

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