Payroll Guide: The Basics of Payroll in Malaysia
Payroll regulations are incredibly complex, and the reality is if you’re an employer and you get it wrong, there can be disastrous implications. With SMEs making up 98.5% of all businesses in Malaysia, they’re the backbone of the economy and yet are often left to figure things out by themselves.
With so much movement in the economy, plus a rapid rush to retain and recruit employees during the Great Resignation, there’s never been a more important time for Malaysian businesses to make sure they’re paying their employees compliantly.
We want to empower you to feel confident when it comes to paying your team in accordance with current legislation. Hopefully, this guide will do just that. In this guide you’ll find information on:
- The basics of payroll
- Wages and payments
- Contributions, levies and insurance
- Record keeping
- When non-compliance may occur
- and more!
