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Stay informed about the updates applied to PeopleSoft applications to keep your organization compliant

Legislative Update for PeopleSoft Global Payroll Malaysia

On November 6 2020, the Malaysian government presented the budget for financial year 2021.

The key highlights are:

  • Reduction of income tax rate for resident individual.
  • Resident individual income tax relief for medical expenses, lifestyle expenses, study fees etc.
  • Reduction of employee’s contributions to the Employees’ Provident Fund (“EPF”)

More information on these legislative announcements is now available on My Oracle Support under Document ID 2602461.1. We encourage our customers to review the latest statement to keep up to date.

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