Latest News

New EPF Contribution Rate for Employees’ Age 60 years old and above w.e.f. 1 Jan 2019

With effect from 1st January 2019, EPF contributions for senior citizens ( 60 years old and above ) , the rate of monthly contribution by the employer shall be calculated at the rate of 4% ; the employee shall be calculated at the rate of 0.0% of the amount of wages for the month. Kindly

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Foreign workers are required to contribute Socso w.e.f. 1 Jan 2019

With effect from 1st January 2019, employers who hire foreign workers (excluding domestic servants) shall register their employees with Social Security Organisation (SOCSO) and contribute to the Employment Injury under the Employees’ Social Security Act 1969 (Act 4). The rate of contribution is 1.25% of the insured monthly wages and to be paid by the

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Increase in MINIMUM WAGES

With effect from 1st January 2019, minimum wages in Peninsular West Malaysia will be increased from RM1,000 to RM1,100 (per month).  Minimum wages in Borneo (Sabah, Sarawak and Wilayah Persekutuan Labuan) will be increased from RM920 to RM1,100 (per month). The rate of monthly wages payable to an employee shall not be less than RM1,100.00. The update of

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Launching of MBRS (Malaysian Business Reporting System) by SSM on 28 September 2018

MBRS (Malaysian Business Reporting System) is a digital financial reporting standard based on the eXtensible Business Reporting Language (XBRL) format. It is a new submission platform implemented by SSM for the submission of Financial Statements and Reports, Annual Return and Exemption Applications. This system has been launched by SSM for trial run on 28-09-2018 and

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SST (Sales and Services Tax) w.e.f. 1 September 2018

With effective from 1 September 2018, Malaysia government have imposed Sales and Services Tax Act (SST) as a replacement of GST (Good and Services Tax), GST has officially become a history. The due date for the submission of the final GST Return will be on 29 December 2018.  Please refer to Custom website for GST/SST

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GST Rate from 6% to 0% w.e.f. 1 June 2018

GST Rate from 6% to 0% w.e.f. 1 June 2018 On 16 May 2018, the Ministry of Finance (MOF) has announced that the 6% GST will be zero-rated from 1 June 2018. Kindly set the GST standard tax rate of 6% in your invoicing system to 0% to effect the new GST rate.  This is

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Trainee Lee Min Si Internship Experience at TJ Wang Group

As an audit trainee in T. J. Wang Group, I would like to express gratitude to the Company for giving me a chance to complete my internship in audit department of the Company for 6 months.  The Company not only trained me to gain knowledge in professional area, but it also trained me to improve

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Employment Insurance System (EIS) Act 2017 w.e.f. 1 January 2018

Employment Insurance System (EIS) Act 2017 w.e.f. 1 January 2018 With effective from 1 January 2018, every company is required to make contribution for EIS based on Federal Gazette Order – P.U. (A) 452/2017 that has been issued on 29 December 2017. The objective of EIS is to provide financial aid to employees who lose

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Former Staff Lian Kam Lu Share Her Working Experience at TJ Wang Group

It has been nearly ten years since I joined the company.  I recall that from the first day of my work until now, I have been taken care of and helped by my colleagues in the company, especially Ms. Wang, no matter in work or private she gave me a lot of guidance. Along the

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Trainee Ho Wei Jack Internship Experience at TJ Wang Group

Primarily, I would like to grab this opportunity to show my sincere gratitude to TJ Wang Group for having me, a person with zero accounting background to work as a secretarial trainee while provide me a valuable insight into accounting industry. Second, I would like to thank to my entire secretarial department colleagues that offers

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