EPF Accounts
The Employees Provident Fund (EPF) in Malaysia is intensifying efforts to prepare for a new legislation mandating EPF contributions for non-Malaysian citizen employees, effective from October 2025 wages for November 2025 contributions. Both employee and employer contribution rates are set at 2% of monthly wages. This applies to non-Malaysian workers with valid passports and employment passes, excluding domestic servants.
The EPF has conducted over 30 stakeholder engagement sessions with entities like the Ministry of Home Affairs and employer groups to ensure readiness and alignment. Previously optional, this mandatory coverage aims to enhance social protection and equity in the labor market. Employers must register with the EPF online or at EPF offices. A dedicated EPF website page will soon provide implementation guidelines and updates.
Malaysian businesses prepare for US-Iran tensions by strengthening risk strategies to ensure stability amid potential…
The US will impose 10% to 12.5% tariffs on 60 trading partners over forced labor…
KIPREIT posts record FY26, strong outlook with Setapak Central acquisition, AEIs, and rental reversions supporting…
Analysts expect cautious trading in KLCI today due to Wall Street declines, new tariffs, and…
Rystad warns oil prices hinge on resilience of flows, with escalation risks tightening markets and…
PETRONAS-Eni joint venture Searah has secured a US$6 billion syndicated revolving credit facility to accelerate…
This website uses cookies.