QNE Software and Bank Rakyat Collaboration Empowers Malaysian MSMEs
On 29 May 2025, QNE Software participated in the Hari Terbuka@Hab PMKS, an initiative focused on empowering Malaysia’s micro, small, and medium enterprises (MSMEs) through innovation and digital transformation. The […]
The Benefits of e-Invoicing Software in Malaysia
If you’re running a business in Malaysia, you’ve probably heard about e-invoice Software Malaysia. But why is everyone talking about it? Last August 1, 2024, the Malaysian government marks the […]
How to choose an ERP for your business
When businesses aim to automate and streamline their core processes, one of the most critical steps is to choose an ERP that aligns with their needs. Enterprise Resource Planning (ERP) […]
How to choose your payroll software?
Payroll Software – How To Choose Your Payroll Software Payroll software soon as your company recruits its first employee, it becomes responsible for managing its payroll. It is possible to […]
Accounting System – TPE, SME: How To Choose Your Accounting System?
Accounting System – TPE, SME: how to choose your accounting system? Accounting system – Whether the manager of an SME or VSE type company decides to internalize his accounting or […]
Importance of Choosing the Right Accounting Software
Accounting Software – Importance of Choosing The Right One. Accounting software-Whatever the size and nature of your structure, accounting management software are one of the essential pieces of equipment. So […]
PERKESO Jadual Caruman Sistem Insuran Pekerjaan (SIP)
Pada 1 Januari 2018, PERKESO memperkenalkan portal EIS PERKESO untuk membantu majikan menguruskan rekod mereka, mengemas kini dan membuat caruman. Insurans ini, yang dikawal oleh Employment Insurance System Act 2017 dan juga ditadbir oleh SIP SOCSO, melindungi pekerja berusia antara 18 hingga 60 tahun yang kehilangan pekerjaan, tamat kontrak, kecuali dalam kes penamatan sukarela, penamatan tanpa syarat kontrak, persaraan, penyelesaian projek tertentu, dalam kontrak, dan pemecatan kerana salah laku.
Payroll Malaysia And It’s Calculations
Malaysia has specific rules for taxation and payroll, depending on whether your company employs local Malaysian or foreign nationals employees. The main concerns for a company that must comply with tax laws are social security costs, sales and services tax (SST), personal income tax for employees in Malaysia, business tax, payroll tax, withholding tax, and problems with the permanent establishment.
Employee Insurance System (EIS) Contribution Table
On January 1, 2018, SOCSO introduced the EIS PERKESO portal to help employers to manage their records, update and make contributions. This insurance, regulated by the Employment Insurance System Act 2017 and also administered by the EIS SOCSO, protects workers between the ages of 18 and 60 who have lost their jobs, expiration of the contract, except in cases of voluntary termination, unconditional termination of the contract, retirement, completion of a specified project, in the contract, and dismissal due to misconduct.
How to Submit Tax Estimation in Malaysia via CP204 Form conveniently
Filing a tax assessment in Malaysia is compulsory under section 107C of the Malaysian Income Tax Act 1967. If the company is starting up for the first time, the assessment must be filed with the IRB within 3 months from the starting date of their operations, but not 30 days before the start of the base period.
