Overtime Calculation in Malaysia: Rest Days Every employee, under the Employment Act, is allowed one rest day a week at a minimum. If there is more than one rest day for an employee, the last day is considered the rest day to calculate overtime pay. For employees on monthly pay, half...
Calculate your EPF dividend every month. EPF, or Employees Provident Fund, is a Malaysian agency that is controlled by the Ministry of Finance. It manages the retirement savings plan for Malaysia's private and non-pensionable public sector employees. The EPF had 12.7 million members as of the ...
blog|Inventory Management Inventory Costs: How to Calculate & Reduce Them (2025) Learn what inventory costs retailers need to keep track of, how to calculate total inventory costs, and how to reduce them.On this page What are inventory costs? Types of inventory costs How to calculate inventory...
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How to calculate rewards values To see how much value you can get out of your rewards on an individual flight or hotel stay, divide the cost of a booking in cash by its cost in points or miles. For example, a flight that costs $139 or 21,500 points will offer about 0.6 cents per...
How to Calculate VAT To calculate VAT, you need to know the VAT rates for your country and the cost of the goods or services before tax. To put it into a formula: Price excluding VAT × VAT rate = VAT amount Price excluding VAT + VAT amount = Total cost (Gross amount) Note, the ...
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Employers are not allowed to calculate the employer’s and employee’s share based on exact percentage EXCEPT for salaries that exceed RM20,000.00. The total contribution which includes cents shall be rounded to the next ringgit. Points to remember: ...
Review and send.Double-check all the details to ensure accuracy and then send the invoice to your client. Tips for Creating a Professional Sole Trader Invoice A professional-looking invoice not only helps you get paid faster but also presents your business in the best light. Here are some sol...
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