2019 Handbook for Employers and Employees

319 pages. Published every year for the convenience of senior managers responsible for human resources, finance, administration or for general management. The handbook explains, with examples, in an easy-to-read style, the following subjects relating to human resources management, financial management and company administration to help you in the decision-making process. The updated and revised 31st edition are as follow: -Minimum Wages Order (Amendment) 2018 came into force on 1.1.2019 -Minimum Wages Order standardised to apply throughout Malaysia form 1.1.2019 -EPF Withdrawal Scheme for Investment is revised with effect from 1.1.2019 -EPF introduced a new Part E Contribution Table for Malaysian citizens who are 60 years of age and above effective from 1.1.2019 -Foreign workers covered under SOCSO with effect from 1.1.2019- Contribution to approved provident fund is allowed as tax relief up to RM 4,000 *Takaful or insurance premium payment is allowed as tax relief up to RM 3,000 -Tax relief for deposits into Skim Simpanan Pendidikaan Nasional is increased to RM 8,000 from Year for Assessment (Y/A) 2019 -From Y/A 2019, the tax rate for small and medium enterprises is reduces -Sales and Services Tax came into force on 1.9.2018 -The rate of RPGT is revised with effect from 1.1.2019