Understand the payroll requirements of Malaysia

Payroll in Malaysia

7 CPD hours

1 day

Increasingly, UK based payroll teams are expected to manage payroll production for other countries, often outsourcing to local experts, but the employer remains ultimately liable for any compliance issues.

The UK team may be required to provide a sign-off to the outsourced provider. Do you know what you are signing off or how to check the basic features of a payroll service in a country where you are not familiar with the rules?

Who This Course Is For

This course equips you with essential management knowledge to take a decision as to whether or not to outsource or have a local team running payroll in-house in Malaysia.

What You’ll Achieve

Delegates will gain an understanding of local payroll legislation and how to compliantly manage an in-house or outsourced payroll provider in Malaysia.

Inland Revenue Board of Malaysia details
Income Tax (deduction from remuneration rules) 1994
Registration obligations for new employer
Malay tax residency rules
National tax rates
The obligation to complete an annual tax return
Definition of gross taxable pay
The six compulsory income deductions
Optional deductions
Taxpayer categories
Deduction for Zakat
Calculation of monthly tax deduction (MTD)
Flat rate regimes for non residents
Form CP38
Monthly return – form CP39
Tax exempt items
Starter process – form CP22/TP3
Leaver process – forms CP22A/CP21
Tax clearance letters and Stoppage orders
Annual remuneration statement
Tax audits and penalties
Employee Provident Fund
EPF assessable pay
Contribution rates and calculations
Statement of Wages
Deadlines for tax and EPF payments
SOCSO contributions
Minimum wages
Annual leave payments
Sickness and maternity pay
Redundancy/severance

From

£702.00 +VAT

Identify all key jurisdiction deadlines
Understand the penalty regimes and the consequences of getting it wrong
Have a detailed understanding of the scope of service you are purchasing from an outsource partner
Understand how to keep up to date with changes in country, and be able to challenge your outsource provider to ensure such changes are made
Identify what information you need to pass to the outsource partner and why you have to provide it