IRBM (Inland Revenue Board of Malaysia) has announced some amendments to the category of remuneration for the purpose of PCB Calculation. This announcement was made on April 29th, 2013.
Overtime allowance, allowances and commissions ( referring to variable amount paid monthly) are categorized as normal remuneration. Only allowance and commission which are not paid monthly are categorized as additional remuneration. These changes are effective retrospective date of 1st January 2013. Our Position Statement has been revised to include these legislative updates. We advise customers to review our position statement to keep up-to-date. The Position Statement can be found on My Oracle Support, Document ID 1528264.1.