Sep 112 minKey Updates: Tax and Employment MattersWe would like to highlight some key updates regarding tax and employment matters: 1. Notifications of New Employee (CP22) Effective 1...
Jun 2, 20221 minEmployees Share Schemes for Private CompaniesEmployees Share Scheme (ESS) or Employee Share Option Plan (ESOP) provides employees with an ownership interest in the company. Benefits...
Apr 23, 20212 minHRDF Levy Extended to New Industries With the amendment to The Pembangunan Sumber Manusia Berhad Act 2001 (“PSMB Act”), Human Resources Development Fund (HRDF) Levy would be...
Nov 21, 20188 minBenefits in Kind (BIK)Generally, non-cash benefits (e.g. accommodation or motorcars) provided by employers to their employees are treated as income of the...
