Malaysia Hotline: +603- 2141 8908
EPF stands for Employees Provident Fund and also
common known as KWSP or Kumpulan Wang Simpanan Pekerja in Malaysia.
Every company is required to contribute EPF for its
staff/workers and to remit the contribution sum to KWSP before the 15th day of
the following month. Failing to submit within the stipulated period will result
in late penalty charged by KWSP.
The mandatory contributions based on the employee’s
pay are as follows:
Employer (company)
– 13% for any wages less than RM5,000
– 12% for any wages more than RM5,000
Employee (staff / workers) – 11%
Voluntarily to contribute more than the statutory
requirement (12%-13%) by the company for its employees are encouraged by the
Government where a tax deduction will be given for such extra contribution by
the company.
The employers’ contributions are tax deductible up
to 19% of the employee’s pay.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my