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SALARY PAYMENT IN Malaysian Ringgit (MYR, RM)
CONTRACT LANGUAGES Malay / English
PAYROLL TAX 13.22%
PAYROLL CYCLE Monthly
TIME TO HIRE 24 hours
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Hire and pay talents
with Horizons in
180+ countries
Malaysia has a fairly comprehensive social security system offering universal healthcare, a pension program, unemployment, and more. Both employees and employers contribute to social security in Malaysia, with each contribution a percentage of the employee’s gross salary at each pay period. Read below for details about Malaysia’s social security program.
Malaysia’s system of social security covers for various economic risks like loss of income due to sickness, unemployment, old age, invalidity or death.
Key elements of the social security system in Malaysia include:
Mandatory employee contributions to social security include:
For employees, mandatory contributions to social security in Malaysia total 11.2%.
Mandatory employer contributions to social security in Malaysia include:
For employers, mandatory contributions to social security in Malaysia total a maximum of 14.45%.
In Malaysia, mandatory contributions for employers total 14.45%. Compare this figure to the mandatory social security contributions of employers in nearby countries;
Thailand – 5% of an employee’s basic salary
Vietnam – 22% with a maximum contribution of VND14,600,000
Your business can easily hire employees in Malaysia without opening a local entity. We handle local employment law, complex tax regulations, and international payroll in 180+ countries worldwide. All you need to do is focus on your business.
The employer contribution to social security in Malaysia totals 14.45% of the employee’s monthly salary
Economic risks resulting from loss of income due to sickness, unemployment, old age, invalidity or death.
Headquarters
71 Robinson Road #13-153
Singapore 068895
+65 3158 1382
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Skalitzer Str. 85/86
10997, Berlin
+49 30 3119 9653
Americas
1700 S. Lamar Blvd Suite 338
Austin, Texas 78704
+1 (737) 265-6065
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Headquarters – Singapore
71 Robinson Road #13-153
Singapore 068895
+65 3105 1170
Skalitzer Str. 85/86
10997, Berlin
+49 30 3119 9653
1700 S. Lamar Blvd Suite 338
Austin, Texas 78704
+1 (737) 265-6065
See more locations
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