Kindly take note that there is changes in staff EPF contribution incurred from both staff salary and staff bonus. Amendment as follow:
1. Employers are not allowed to calculate the employer’s and employee’s share based on exact percentage EXCEPT for salaries that exceed RM20,000.00. The total contribution which includes cents shall be rounded to the next ringgit.
2. Effective from January 2021 salary/wage up to December 2021 (February 2021 contribution month up to January 2022).
Link of EPF contribution policy amendment:
https://www.kwsp.gov.my/employer/contribution/all-about-your-responsibility
Link of EPF contribution rate (Third Schedule - Section 43 and 44A):