Changes of Employees and Levy Rate for Optional Category Employers

Changes of Employees and Levy Rate for Optional Category Employers


Scenario

Category of Employer:  Optional 
Code : Class 2 
Start date of contribution : January 2018 
Levy Rate: 0.5% 



  1. Based on the table above, employer has reached 10 employees in April 2018 and the levy rate immediately changed to 1%. The levy rate remained at 1% until the end of the current year  (Based on the PSMB Act 2001 Section (15). (5)
  2. In January 2019, the number of employees is below 10 and the levy rate reduced to 0.5% 
  3. The levy rate will be based on the total number of employees (Malaysian) declared during the Form 2 submission.
  4. However, for employers registered under COMPULSORY CATEGORY is MAINTAINED at 1% although the number of employees is reduced to less than 10 employees 

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