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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:...

It is ideal for every company to conduct payroll audits, whether in-house or third party, to ensure optimal performance of payroll processes. In particular, payroll audits significantly curtail both financial and regulatory risks. It allows your organisation to deal with problems proactively via continuous adjustments and corrections. Truth be told, no system is flawless. There...

Copyright 2020. AYP Group. All rights reserved.

Copyright 2020. AYP Group. All rights reserved.

Copyright 2020. AYP Group. All rights reserved.