General
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% Based on the table above, employer has reached 10 employees in April 2018 and the levy rate immediately changed to 1%. The levy rate ...
Levy Forfeiture
Section 25 of the PSMB Act 2001 If an employer does not make any claims against the Fund within such period as may be determined by the Board from the date of its registration with the Corporation or from the date of the last financial assistance or ...
Levy Calculation Guideline
Section 2 of the PSMB Act 2001 Employee Any citizen of Malaysia who is employed for wages under a contract of service (under full-time employment whether contract or permanent staff) with an employer, but does not include any domestic servant. If the ...