Socso to enforce new salary ceiling limit for contributions from .... Read the full story in our blog https://lnkd.in/gkXbDbXY 𝐕𝐢𝐬𝐢𝐭 𝐮𝐬 Wisma 𝐊𝐓𝐏, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru Wisma 𝐓𝐇𝐊, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru 𝐊𝐓𝐏 (𝐀𝐮𝐝𝐢𝐭,𝐓𝐚𝐱, 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲) An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients Website www.ktp.com.my Instagram https://bit.ly/3jZuZuI Linkedin https://bit.ly/3sapf4l Telegram http://bit.ly/3ptmlpn 𝐓𝐇𝐊 (𝐒𝐞𝐜𝐫𝐞𝐭𝐚𝐫𝐢𝐚𝐥, 𝐀𝐜𝐜𝐨𝐮𝐧𝐭/𝐏𝐚𝐲𝐫𝐨𝐥𝐥, 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲) A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients Website www.thks.com.my Facebook https://bit.ly/3nQ98rs

1. SOCSO Enforce New
Salary Ceiling Limit for
Contributions
19/09/22
#AskKtpTax
#AskThkAcc

2. 19/09/22
#AskKtpTax
#AskThkAcc

3. 19/09/22
#AskKtpTax
#AskThkAcc
How does this affect the
SOCSO & EIS contribution?

4. 19/09/22
#AskKtpTax
#AskThkAcc
Additional
SOCSO and EIS
contribution
for employees who
earn monthly salaries
between
RM4,000 and RM5,000
Flat contribution
rates
for both SOCSO and
EIS for employees who
earn RM5,000 or more
per month

5. 19/09/22
#AskKtpTax
#AskThkAcc
Employer Employee Employer Employee
Before 01/ 09/ 2022 69.05 19.75 7.9 7.9
After 01/ 09/ 2022 70.85 to 86.65 20.25 to 24.75 8.1 to 9.9 8.1 to 9.9
SOCSO Contribution (RM) EISContribution (RM)
Monthly Salary exceedsRM4,000 but not exceed RM5,000
Employer Employee Employer Employee
Before 01/ 09/ 2022 69.05 19.75 7.9 7.9
After 01/ 09/ 2022 86.65 24.75 9.9 9.9
Monthly Salary exceedsRM5,000
SOCSO Contribution (RM) EISContribution (RM)

6. 19/09/22
#AskKtpTax
#AskThkAcc
What Should the
Employers Do?

7. 19/09/22
#AskKtpTax
#AskThkAcc

8. 19/09/22
#AskKtpTax
#AskThkAcc
Any Transition Period For Employers?
.

9. 19/09/22
#AskKtpTax
#AskThkAcc
Please contact your
accounting software
vendor to update your
system immediately!!!