We use cookies to provide you with the best possible experience. By using Orbitax's services, you agree that we may store cookies on your device. Cookie Policy.
The AI assistant for tax questions
Track worldwide tax law changes daily
Cross-border tax analysis and data
Unify and empower your entity management
Provides compliance steps, forms & rates
Visualize and manage your entity data
Comprehensive compliance management
Audit and global tax controversy tracking
Manage reportable cross-border arrangements
Country-by-country reporting & compliance
Pillar 2 planning, reporting and compliance
Calculate US tax impact of foreign operations
Automated workflows for recurring tax tasks
Secure API connections to 3rd-party systems
Secure storage for your tax documentation
The AI assistant for tax questions
Collaborate securely on your tax data
Share This Article
|
|
Effective from 1 January 2019, Malaysia has introduced new social security contributions requirements for foreign workers. This includes that employers must register all foreign workers, except domestic servants, with Malaysia' Social Security Organization (SOCSO) and make contributions to the Employment Injury Scheme at a rate of 1.25% on an employee's monthly salary plus other compensation, such as overtime pay, commissions, paid leave, etc. The contribution requirement follows a change in the administration of accident compensation from the Department of Labour to SOCSO. For foreign workers already under the prior Foreign Workers Compensation Scheme, the requirement to be registered under the...