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Legislative Update for PeopleSoft HCM Global Payroll Malaysia

Paul Smit
Director Product Management

On the 2nd of November 2018 the Malaysian government presented the budget for Financial Year 2019. Key highlights are:

  • Increase in tax relief on savings in SSPN,
  • Increase of income tax relief on contributions to an approved provident fund, takaful or life insurance premiums.

More information on this has been provided in our Position Statement which can be found at My Oracle Support, Document ID 2356010.1. We encourage our customers to review the latest statement to keep up to date.

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