Under the proposed EIS, both employers and employees will be statutorily required to contribute towards the employee’s insurance account (this will be similar to how it is done for SOCSO and EPF payments). In other words, for employees this means another deduction from their monthly salary, ...
MTD stands for Monthly Tax Deduction, also known as Potongan Cukai Bulanan (PCB). Hence, you may realize that MTD and PCB can be used interchangeably. MTD/PCB is a series of monthly deductions that go towards your tax payment in relation to your employment income. These monthly deductions a...
investment costs (vehicles and smartphones), operational costs (fuel, maintenance, communications), regulatory costs (related to Public Service Vehicle licences, vehicle inspections and insurance), and employee costs such as Social Security Organisation (SOCSO) and Employees Provident Fund (EPF) ...