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Employees Provident Fund (EPF) reduced to 7 percent With reference to the Malaysian Government’s announcement on the 2020 Economic Stimulus Package with regards to the new statutory contribution rate for employees, the Employees Provident Fund (EPF) will be reduced from 11 percent to 7 percent from April 2020 onwards.  Additional clarifications with regards to this reduction are as follows:...

Copyright 2020. AYP Group. All rights reserved.

Copyright 2020. AYP Group. All rights reserved.

Copyright 2020. AYP Group. All rights reserved.