HL Khoo & Co
HQNo.21, Jalan Putra 2, Taman Tan Sri Yaacob, 81300 Skudai, Johor, Malaysia.
Nusa Sentral Branch
No.31, Jalan Sentral 24, Taman Nusa Sentral, 79100 Iskandar Puteri, Johor, Malaysia.
+607-5852225 (Nusa Sentral)
+6016-7210698 (H/p HQ)
+6012-7679670 (H/p Nusa Sentral)
+6012-7800698 (Ms Lynn)
+6014-3880120 (Ms Lynn)
hlkhoonssec@gmail.com (Nusa Sentral)
+60127679670 (H/p Nusa Sentral)
+60127800698 (Ms Lynn)
+60143880120 (Ms Lynn)
Support and Advisory Service
EPF stands for Employees Provident Fund and also common known as KWSP or Kumpulan Wang Simpanan Pekerja in Malaysia.Every company is required to contribute EPF for its staff/workers and to remit the contribution sum to KWSP before the 15th day of the following month. Failing to submit within the stipulated period will result in late penalty charged by KWSP.
The mandatory contributions based on the employee’s pay are as follows:
-
Employer (company)
– 13% for any wages less than RM5,000
– 12% for any wages more than RM5,000 - Employee (staff / workers) – 11%
Voluntarily to contribute more than the statutory requirement (12%-13%) by the company for its employees are encouraged by the Government where a tax deduction will be given for such extra contribution by the company.
The employers’ contributions are tax deductible up to 19% of the employee’s pay.