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Category: Malaysia News

Published: 07 November 2020

• Bantuan Prihatin Rakyat (BPR)
  • Monthly Household Income 家庭月收入 ≤RM2,500 - RM1,200 for 1 child, RM1,800 for more than 1 children
  • Monthly Household Income 家庭月收入 RM2,501 to RM4,000 - RM800 for 1 child, RM1,200 for more than 1 children
  • Monthly Household Income 家庭月收入 RM4,001 to RM5,000 - RM500 for 1 child, RM750 for more than 1 children
  • Single (≥21 years old) ≤RM2,500 - RM350 
• Reduce 1% income tax rate (to become 13%) for chargeable income between RM50,001 to RM70,000 降低RM50,001至RM70,000应课税收入1%个人所得税率（至13%）
• Reduce EPF contribution rate employee portion from 11% to 9% 降低雇员部分的公积金率至9%
• Withdraw RM500 from account 1 from Jan'21 for a period of 12 months 从公积金第一户口每个月提取RM500，为期12个月
• Withdraw from account 2 to purchase insurance and takaful products 从公积金第二户口提取以购买保险
• Lifestyle tax relief expand to electronic newspaper subscription and additional RM500 for expenditure related to sports (including participating fee for sports competitions) 
• Extend 3 months job search incentive 延长求职津贴3个月：First month 80%, Second month 5%, Third month 3%
• Extand wage subsidy program specifically for tourism sector (including retail sector) for 3 months 求职津贴延长3个月：RM600 per month for up to 500 employees
• Appreticeship program 学徒计划：RM1,000 incentive up to 3 months for participant, RM4,000 training programs claim for employer
• Jaringan PRIHATIN programme：B40 will receive RM180 telecommunication credit for by Q1 2021 (used for internet subscription or buy a new mobile phone)
• eBelia Programme: One off RM50 to e-wallet account (aged 18 to 20 years) 一次性RM50至电子钱包户口（18至20岁）
• Targeted loan repayment assistant (TRA) - Moratorium instalments for 3 months 暂还3个月 OR reduce 50% of monthly repayment for 6 months 或是为期6个月减少50%分期付款 to borrowers who are BSH recipients or BPR AND micro enterprises with loans of up to RM150K
• Simplied TRA for M40 - Just make a self-declaration of the reduction of income 自我声明收入减少

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Category: Malaysia News

Published: 06 October 2020

A gentle reminder on the submission and payment due date for payroll contributions for the salary month Sep'20

HRDF exemption has ended on Sep'20 (salary for Aug'20). Please remember to pay before 15/10/2020 for Sep'20 salary.

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Category: Malaysia News

Published: 15 October 2020

Wage Subsidy Program (WSP) 2.0 has been opened for apply since 01/10/2020. Let us summarize the key updates of this program.

1. Income tax number is mandatory
2. PSU declaration form has been updated to PSU 2.0 declaration form
3. Shall fill in the revenue for current year and the same month in the previous year
4. Shall declare whether the employee is requested to take unpaid leave
5. Please choose tuntutan 7 if you are going to extend the WSP 

• Although RMCO start from 10 June 2020, the system only allows to compare revenue of Aug’20 to Dec’20 (with the same month of the previous year)

Other updates:

1. The subsidy is only RM600 per employee for each month
2. The company must experience at least 30% sales drop (compare with the same month in the previous year) between August to December

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Category: Malaysia News

Published: 26 September 2020

• For Malaysian
• Monthly salary ≤ RM 4,000.00
• Existing employers who are receiving WSP SHALL apply WSP2.0 since 1st October 2020
• Register betwwen: 1 October 2020 to 31 December 2020
• Effective period: 3 months (Existing) or 6 months (New application)
• Employers and employees must register or contribute to Perkeso before 1 September 2020 雇员及雇主需要在9月1号之前呈报Perkeso
• Registered with SSM or other local authorities before 1 September 2020 于2020年9月1号之前成立
• Shall retain employees whose monthly salary not more than RM4,000 for 6 months 6个月内不能解雇薪水不高于RM4,000的员工
• Employees who are receiving hiring incentive NOT entitled to WSP 受惠于招聘激励的员工不能申请工资补贴
• Employer no need to apply every month but will only need to update the employee's eligibility information in the system before 15th of the month (if any) 雇主不需要每个月提交新的申请，只需在该月的15号前在系统更新受惠员工资料（若有）
• If fulfil the requirements and conditions, employer can apply for those employees rejected by Perkeso before as they do not register or contribute SOCSO before 1 April 2020. The subsidy will only release for 3 months only.
• 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; and
  • PSU2.0 Account Declaration
• Submit via prihatin.perkeso.gov.my since 1st October 2020

• Company Size	1 – 75 Employees	76 – 200 Employees	>200 Employees
  Subsidy	RM600 per eligible employee
  Drop in Revenue	Decreasing at least 30% revenue compare with the same months in the year 2019 after implementation of RMCO

• ** The definition of Enterprise Size is based on the total number of Malaysian and non-citizen workers 雇员数量包括外籍员工
• Submit a table showing comparison between year 2019 and the same month in the year 2020

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Category: Malaysia News

Published: 24 September 2020

Malaysia government has announced Kita Prihatin on 23 September 2020. GKP2.0 and BPN2.0 are part of the benefits.

GKP2.0

• GKP 2.0 is a one-off financial assistance amounting to RM3,000 to micro & Medium Enterprises (SMEs) who are qualified to ease the financial burden of business while increasing productivity and production productivity.
• Application period: 1st October 2020 to 31st October 2020
• Result: 15th November 2020
  • NOT a previous GKP recipient;
  • Applicants must have Malaysian citizenship status;
  • Applicants running Small & Medium Companies
  • Total annual sales or turnover is less than RM300,000; and
  • The number of full-time employees does not exceed 4 people, excluding owners; and
  • Registered with the following agencies;
    • Inland Revenue Board of Malaysia (IRBM) before or on 31 August 2020; or
    • Local Authorities (PBT) or Companies Commission of Malaysia (SSM) before or on 31 August 2020
  • Still active in running the business when the application is made

BPN2.0

• Recipients: BPN 2.0 recipients are recipients who have received the last payment of BPN 2020 before.
• Application: Do not need to apply for BPN 2.0 if you have received the last payment of BPN 2020 before. New application can be made from 15th October 2020
• Update: Updating bank account information is NOT allowed because the BPN 2.0 payment method is same as the last BPN 2020 payment method before
• Bank Account Closed or Inactive: Payment method: cash claim at BSN branch

• Category		Income	Payment Phase		Total
  			Phase 1	Phase 2
  Household	B40	≤RM4,000	RM700	RM300	RM1,000
  	M40	RM4,001 – RM8,000	RM400	RM200	RM600
  Single	B40	≤RM2,000	RM350	RM150	RM500
  	M40	RM2,001 – RM4,000	RM200	RM100	RM300