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  • ABSS Payroll v10

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    Tax Relief Updates Contribution to Employee Provident Fund (EPF) and life insurance premium  is now separated as follows: Contribution to EPF – up to RM4,000 Life Insurance Premium – up to RM3,000 Net savings in SSPN – increased up to RM8,000 Removal of Tax Relief for Housing Loan Interest Paid Compliance Update In compliance with…

  • ABSS Payroll v12

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    Released January 2021 Compliance updates Personal income tax rate update Tax calculations have been updated in line with the budget that was tabled. These rates come into effect from 1st January 2021. The tax rate for resident individuals with chargeable income in the band of RM50,001 to RM70,000is reduced to 13%. See below for the…

  • ABSS Payroll v13

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    Released August 2021 HRDF Compliance In March 2021, HRDF  coverage was expanded to cover all industries with 10 or more Malaysian  employees. Read more about this here Payroll v13 has been updated to comply with these requirements. Setup HRDF Contribution In the Command Centre, click on HRDF Contribution. Alternatively, click on Command Centre, Setup, then…

  • ABSS Payroll v11

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    Released January 2020 Personal Income Tax Rate Update Tax calculations have been updated to comply with the new changes as announced in Malaysian Budget 2020. A new chargeable income band now introduced for resident individual with income exceeding RM 2 million. The fixed income tax rate for non-resident individuals is increased from 28% to 30%…