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Malaysia Statutory Update - Statutory Changes January 2021

Import the new Malaysia Generic Tax File to update Statutory changes.

The file includes the following changes:

Tax Tables 

Tax tables effective 1 January 2021 (changes shown in red below)

EPF

 Effective 1 January 2021, the employee contribution percentage increases from 7% to 9% for all members below the age of 60. For those aged 60 and above, the employees’ share of the contribution rate will remain at zero percent.

Employee Tax Relief

Effective 1 January 2021 the Disabled Spouse Relief is increased from RM3500.00 to RM5000.00

Rebate Claim Tax Reliefs

The 2021 changes in rebate claim reliefs are still in development and will be included in a future release. An announcement will be made on Sage City. Should you require further information regarding this, kindly contact the Sage 300 People support desk.

The file must be imported before doing any payroll processing, printing payslips or reports or making any payments.

Click here for the latest Generic Tax File 

Click here for notes on how to import the Generic Tax File