Malaysia Payroll Services
Payroll processing is more complicated for foreign businesses and time consuming due to various statutory requirements. Payroll outsourcing is the best solution for the company.
Let Premia TNC minimal hassle with payroll and increase business operation efficiently.
Our Payroll Services
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EPF (Employees’ Provident Fund) Account Application
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SOCSO (Social Security Organisation) Account Application
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EIS (Employment Insurance System) Account Application
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Monthly Payroll Processing
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Monthly Payslip and Payroll Report
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Submission of statutory payment (EPF, SOCSO, EIS, PCB,HRDF)
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Preparation of Form E and Form EA
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Work Permit Application for foreigner
Employees Provident Fund (EPF)
As an employer, your responsibilities include paying EPF contribution in respects of any person you have engaged to work under a Contract of Service or Apprenticeship. You have to ensure accurate monthly contributions are deducted from your employees’ salary and remitted to EPF.
Employer must make monthly contribution payment on or before 15th of the month.
Social Security Organisation (SOCSO) – Employees’ Social Security Act 1969 (Act 4)
The Social Security Organisation (SOCSO) provides two social security schemes to protect the welfare of employees and their dependents under the Employees’ Social Security Act 1969 (Act 4).
Employer Eligibility
Any employer who hires one or more employees as defined under the Act is required to register and make contributions to SOCSO.
Employee's Eligibility
All employees who are employed under a contract of service or apprenticeship in the private sector and contractual / temporary staff of Federal / State Government as well as Federal / State Statutory Bodies need to be registered and covered by SOCSO. The rate of contribution is capped at monthly wage ceiling of RM5,000.00.
Malaysia Payroll - Contributions
Contributions to SOCSO are compulsory under the Act for eligible employers and employees.
These schemes are classified into 2 categories of contribution:
First Category
Employment Injury Insurance Scheme and Invalidity Pension Scheme. The contribution payment is made by both the employer and employee. The rate of contribution under this category comprises 1.75% of employer’s share and 0.5% of employees’ monthly wages according to the contribution schedule.
Second Category
The rate of contribution under this category is 1.25% of employees’ monthly wages, payable by the employer, based on the contribution schedule. All employees who have reached the age of 60 must be covered under this category for the Employment Injury Scheme only.
Social Security Organisation (SOCSO) – Employment Insurance System Act 2017 (Act 800)
The Employment Insurance System (EIS) was implemented in January 2018 to provide immediate financial assistance to insured workers who lost their employment. The affected workers will also be assisted to find new jobs and if necessary, they are given training to improve their employability.
EIS Objectives
• Provide immediate financial assistance to contributing employees who have lost their jobs
• Help unemployed workers find new employment through the Re-Employment Placement Program
• Increase the employability of unemployed workers through vocational training
EIS Contribution Rate
• Employer: 0.2%
• Employee: 0.2%
Human Resources Development Fund (HRDF) – PSMB Act 2001
An act to provide for the imposition and collection of a human resources development (HRD) levy for the purpose of promoting the training and development of employees, apprentices and trainees, the establishment and the administration of the Fund by the Corporation and for matters connect therewith.
Sectors covered under PSMB Act 2001:
• Manufacturing
• Services
• Mining and Quarrying
Under Section 13(1) of the PSMB Act 2001 stipulates that every employer who is covered under the Act is required to register with HRDF within such time and manner as may be prescribed.
Eligibility criteria for Registration
The PSMB Act 2001 is applicable to employer within the 63 sub-sectors
| Category | Criteria |
| Mandatory (1% levy) | Employers with 10 Malaysian Employees and above |
| Voluntary (0.5%) | Employers with 5 to 9 Malaysian Employees |
Contact us for more details
Frequently Asked Questions
WHO ENTITLED TO BASIC PROTECTION UNDER THE EMPLOYMENT ACT
The Employment Act covers all employees in Malaysia, irrespective of wages or occupation. Domestic servants are excluded from the coverage. However, employees earning above RM4,000 per month are exempted from certain provisions in the Act.
WHAT IS WAGES INCLUDED?
Wages means basic wages and all other payments in cash payable to an employee for work done in respect of his contract of service subject to some exclusions.
An employer should pay salary to an employee no later than 7 days after the end of the salary period.
WHO CAN ENTITLE THE REST DAYS, HOLIDAYS AND LEAVE
An employee should enjoy rest days, statutory holidays, and paid annual leave during employment. The Employment Act provides guidelines on certain minimum leave entitlements covering all employees.