Stay informed about the updates applied to PeopleSoft applications to keep your organization compliant
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Human Capital Management,
PeopleSoft Legislative Updates
October 26, 2019
Legislative Update for PeopleSoft HCM Global Payroll for Malaysia
On October 11, 2019, the Malaysian government presented the budget for Financial Year 2020. Key highlights are:
- Introduction of a new 30% tax bracket for individuals, on chargeable income above RM2 million
- Tax relief for medical expenses coverage to include the cost of fertility treatment, and
- The Tax relief for fees paid to approved child care centers and kindergartens is increased from RM 1,000 to RM 2,000
More information on this has been provided in our Position Statement which can be found at My Oracle Support, Document ID 2603958.1. We encourage our customers to review the latest statement to keep up to date.
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