Cost of Living in Malaysia 2024: Insights for Employers
Introduction Malaysia is a dynamic and rapidly developing nation in Southeast Asia, making it an attractive destination for expatriates and businesses. Known for its rich cultural diversity, stunning landscapes, and robust economic growth, Malaysia offers a unique blend of modernity and tradition. Its strategic location, well-developed infrastructure, and favourable business environment further enhance its appeal […]
Firing in Malaysia: Navigating Legal Requirements
Introduction Malaysia’s labour market is characterised by a complex web of regulations aimed at balancing the interests and rights of both employers and employees. The country’s labour laws are designed to ensure fair treatment, job security, and clear guidelines for managing employment relationships. Termination of employment is one of the most sensitive aspects of these […]
Hiring in Malaysia: Tips for Attracting and Retaining Top Talent
Hiring in Malaysia can be challenging, especially in a competitive market. The country’s dynamic economy and diverse industries, from manufacturing to technology and finance, create a high demand for skilled professionals. Employers must navigate a landscape where the competition for top talent is fierce, and the stakes are high. A recent survey by Robert Walters […]
Malaysia Statutory Updates 2024
Here are Malaysia’s statutory updates for 2024. Effective October 2024 Salary Ceiling Increases for SOCSO and EIS Contributions The Employees’ Social Security (Amendment) Act of 2024 and the Employment Insurance System (Amendment) Act of 2024 have been amended in accordance with the 2024 Budget plan to increase the monthly wage cap for PERKESO contributions from […]
What you need to know about Malaysia’s service tax increase on digital services
Malaysia’s service tax increased from six percent to eight percent on digital services. This was ratified on February 24, 2024 by the second Minister of Finance Amir Hamzah bin Azizan and will be effective on March 1 of this year. What is a digital service? According to the official government website on the service tax, […]
