SHR-123 Awareness on Socso, EIS, EPF, HRD & Employee's Tax Obligations
Employees and employers in Malaysia must understand their statutory responsibilities to ensure compliance with labor laws and secure financial stability. SOCSO provides social security protection in cases of workplace injuries, disabilities, and invalidity, while EIS offers financial aid and job placement support for retrenched workers. These schemes are vital for employee welfare and business continuity.
The Employees Provident Fund (EPF) is a mandatory retirement savings scheme where both employers and employees contribute, ensuring financial security post-employment. Additionally, HRD Corp (Human Resource Development Corporation) requires eligible employers to contribute to the HRD levy, which funds employee training and skill development programs, promoting workforce upskilling.
Employees must also be aware of their tax obligations, including Monthly Tax Deductions (MTD/PCB), tax reliefs, and employer responsibilities under LHDN regulations. Proper understanding of these obligations helps employees plan their finances effectively while ensuring employers meet legal compliance requirements.
The Employees Provident Fund (EPF) is a mandatory retirement savings scheme where both employers and employees contribute, ensuring financial security post-employment. Additionally, HRD Corp (Human Resource Development Corporation) requires eligible employers to contribute to the HRD levy, which funds employee training and skill development programs, promoting workforce upskilling.
Employees must also be aware of their tax obligations, including Monthly Tax Deductions (MTD/PCB), tax reliefs, and employer responsibilities under LHDN regulations. Proper understanding of these obligations helps employees plan their finances effectively while ensuring employers meet legal compliance requirements.
By the end of this session, participants will:
- Understand the key contributions and benefits of SOCSO, EIS, EPF, and Employee Tax Obligations.
- Gain awareness of employer and employee responsibilities to ensure compliance with Malaysian labor laws.
- Learn the impact of statutory contributions on salary, benefits, and financial planning.
- Understand the latest updates and regulations related to payroll deductions and tax obligations.
- Module 1: Understanding different Statutory Contributions
- EPF (KWSP)
- SOCSO (PERKESO)
- EIS (PERKESO)
- HRD Corporation (HRDCorp)
- Module 2: Calculation methods for each Statutory Contribution
- SOCSO
- EIS
- PCB
- HRDCorp
- Module 3: Employee’s Tax Obligation
- Computation of personal tax
- Module 4: Reporting procedures and deadlines
- Payment process and dateline
- Penalty for late payment
- Reporting Procedures and Record Management
Module 5: Latest amendments to relevant laws
Module 6: Case studies and practical scenarios
HR & Payroll Personnel, Business Owners & Employers, Accountants & Finance Executives, Employees seeking to understand their contributions & deductions.
This is a 1-day programme.
This course runs from 9:00am – 5:00pm with an hour for lunch and periodic short breaks.
This is an intensive session designed to include as much discussion as possible. Lunch and breaks provide an opportunity for further questioning and discussion with the instructors.
This course runs from 9:00am – 5:00pm with an hour for lunch and periodic short breaks.
This is an intensive session designed to include as much discussion as possible. Lunch and breaks provide an opportunity for further questioning and discussion with the instructors.
|
|
We are HRD Corp (Human Resource Development Corporation) Registered Training Provider.
|
© Ampro Solutions Sdn Bhd 2025