There are three mandatory statutory contributions. Social Security and Employee Provident Fund EPF in Malaysia.
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Similar to EPF SOCSO contribution will be deducted from both employees and employers funds and will be paid every 15th of each month.
. The Social Security Organisation SOCSO is an organisation set up to administer enforce and implement the Employees Social Security Act 1969 and the Employee Social Security Regulation 1971. A late payment interest rate of 6 per year is imposed for each day such contribution is not paid on time. There are a few channels SOCSO have disclosed on where employers may auto deduct from.
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Epf Socso
