Malaysia News

Wage Subsidy Program

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Government has widened the eligibility criteria and increase the subsidy amount for Wage Subsidy Programme for local workers earning not more than RM4,000 for a period of 3 months

Effective from: April

Last application date: 15 September 2020

Effective period: 3 months

Company Size

1 – 75 Employees

76 – 200 Employees

>200 Employees

Subsidy

RM1,200 per employee

RM800 per employee

RM600 per employee

Drop in Revenue

No income conditions specified

Decreasing at least 50% revenue compare with January 2020 or the following months

Conditions

1.       Employers and employees must register or contribute to Perkeso

2.       Registered with SSM or other local authorities before 1 January 2020

3.       Commenced business before 1 January 2020

 

Shall retain employees for 6 months (3 months while receiving the subsidy and 3 months afterwards)

Application Method

Submit via prihatin.perkeso.gov.my since 9th April 2020

Supporting documents:

  • List of employee names;
  • Employer's bank account information (Copy of Bank Statement cover only);
  • Business Registration Number (BRN) information registered by the employer at the time of opening the bank account;
  • Copy of SSM / ROS / ROB / Professional, Scientific or Technical Services / Business License authority;
  • Professional, Scientific or Technical / Business License;
  • PSU50 Account Declaration*; and
  • Supporting documents such as financial statements or sales reports that have been verified by management or other related documents.

* PSU50 can be downloaded HERE and Employee Listing can be downloaded HERE while BRN can be downloaded HERE also.

Employer can apply for WSP although received ERP (Employment Retention Program) before this. But they cannot apply WSP for those employees who receiving ERP at the same month

If a voluntary termination of an employee occurs within the first 3 months of the Wage Subsidy Program, the employer will only need to update the employee's eligibility information in the system

If an employee works with Company A and Company B and contributes to SOCSO, both companies are eligible to apply for the Wage Subsidy Program

The employer will be notified of the status of the application whether approved or rejected by email. The list of employers who have approved the Wage Subsidy Program application will also appear on the SOCSO website; eiscentre.perkeso.gov.my includes the number of approved employees