Is Annual leave subjected to additinonal tax wages
10 years 4 months ago #29
by Sharon
Is Annual leave subjected to additinonal tax wages was created by Sharon
Hi ,
Is there anyone who can advise me on whether Annual leave payment is consider as an additional tax wages?
Also whether the annual leave is subject to the SOCSO ?
Thanks.
Sharon
Is there anyone who can advise me on whether Annual leave payment is consider as an additional tax wages?
Also whether the annual leave is subject to the SOCSO ?
Thanks.
Sharon
10 years 4 months ago - 10 years 4 months ago #30
by Kap-Chew
Replied by Kap-Chew on topic Is Annual leave subjected to additinonal tax wages
Hi Sharon,
1. Annual leave payment is definitely considered as part of remuneration, you may take a look at the explanation on the types of Remuneration here: payroll.my/forum/general/8-payroll-my?start=6#26
2. Annual leave is also subject to SOCSO contribution, as according to Perkeso:
Definition Of Wages
All renumeration payable in money to an employee is taken into account as wages for the purposes of SOCSO contributions. These include the following payments:
• Salary
• Overtime payments
• Commission
• Payments for leave such as annual, sick and maternity leave, rest day, public holidays
• Allowances such as incentive, good behavior, cost of living (COLA)
• Service Charge
Kap-Chew
1. Annual leave payment is definitely considered as part of remuneration, you may take a look at the explanation on the types of Remuneration here: payroll.my/forum/general/8-payroll-my?start=6#26
2. Annual leave is also subject to SOCSO contribution, as according to Perkeso:
Definition Of Wages
All renumeration payable in money to an employee is taken into account as wages for the purposes of SOCSO contributions. These include the following payments:
• Salary
• Overtime payments
• Commission
• Payments for leave such as annual, sick and maternity leave, rest day, public holidays
• Allowances such as incentive, good behavior, cost of living (COLA)
• Service Charge
Kap-Chew
Last edit: 10 years 4 months ago by Kap-Chew.
10 years 4 months ago #31
by Sharon
Replied by Sharon on topic Is Annual leave subjected to additinonal tax wages
Dear Kap-Chew ,
Thanks for the reply below.
May I ask another question on how do we define the additional tax wages?
Is it any wage beside basic will be considered additional?
Sorry to ask as I'm not sure about Malaysia payroll.
Thanks for the reply below.
May I ask another question on how do we define the additional tax wages?
Is it any wage beside basic will be considered additional?
Sorry to ask as I'm not sure about Malaysia payroll.
10 years 4 months ago #32
by Kap-Chew
Replied by Kap-Chew on topic Is Annual leave subjected to additinonal tax wages
Hi Sharon,
Generally, you may refer to this post on the remuneration as defined by the Inland Revenue Board of Malaysia: payroll.my/forum/general/8-payroll-my?start=6#26
Generally, you may refer to this post on the remuneration as defined by the Inland Revenue Board of Malaysia: payroll.my/forum/general/8-payroll-my?start=6#26
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