KUALA LUMPUR, March 2 — Amendments to the Employees Provident Fund (EPF) Act 1991 to make foreign worker contributions compulsory are expected to be tabled in Parliament before the current Dewan ...

has instructed employers to remit their mandatory EPF contribution by the 15th of every month, starting January 2021. In a statement issued on Wednesday, it said this is in line with the original ...

The EPF said a minimum contribution of RM264 was expected to be received from every worker who earned monthly wages, subjected to being employed for the full month, under the new measure.

So, the EPF contributions made during your employment years go a long way in building a retirement corpus. In the section below, we’ll discuss how to calculate EPF pension by applying the EPF ...

Act 1991 which will make EPF contribution mandatory for foreign workers. Finance minister II Amir Hamzah Azizan said the policy is expected to be implemented in the fourth quarter of this year ...

Recently, the government proposed a mandatory 2% EPF contribution rate for foreign workers, lower than the initial proposal of 12%. Family Frontiers has urged the government to reconsider the 2% ...

Moreover, tax deductions previously claimed under Section 80C for EPF contributions may be reversed. EPF withdrawals made after five years of continuous service are generally exempt from taxation.

The new compulsory contributions, which are likely to be implemented in the fourth quarter of 2025, are expected to inject billions of ringgit into the EPF annually. Foreign or non-citizen workers ...