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As of 2012, the EPF functions by requiring a contribution of at least 11% of each member's monthly salary and storing it in a savings account, while the member's employer is obligated to additionally fund at least 12% of employee's salary to the savings at the same time (13% if salary is below RM5,000).
The Goods and Services Tax ( GST) is an abolished value-added tax in Malaysia. GST is levied on most transactions in the production process, but is refunded with exception of Blocked Input Tax, to all parties in the chain of production other than the final consumer. The existing standard rate for GST effective from 1 April 2015 is 6%.
This, as well as Labour Day (1 May), the King 's birthday (First Monday of June) and some other festivals are major national public holidays. Federal Territory day is celebrated in the three Federal territories. Malaysia Day, held on 16 September to commemorate the formation of Malaysia, became a nationwide holiday in 2010.
The law of Malaysia is mainly based on the common law legal system. This was a direct result of the colonisation of Malaya, Sarawak, and North Borneo by Britain between the early 19th century to the 1960s. The supreme law of the land—the Constitution of Malaysia —sets out the legal framework and rights of Malaysian citizens.
The salary increase will involve an allocation of 10 billion ringgit ($2.10 billion), Anwar told an event to mark Labour Day. Malaysia plans 13% salary hike for civil servants from Dec amid rising ...
The Dewan Negara (Malay for Senate, literally National Council) is the upper house of the Parliament of Malaysia, consisting of 70 senators of whom 26 are elected by the state legislative assemblies, with two senators for each state, while the other 44 are appointed by the Yang di-Pertuan Agong (King), including four of whom are appointed to represent the federal territories.
Palace of Justice, Putrajaya. There are generally two types of trials, criminal and civil. The hierarchy of courts begins from the Magistrates' Court, Sessions Court, High Court, Court of Appeal, and finally, the Federal Court. [1] The jurisdiction of the courts in civil or criminal matters are contained in the Subordinate Courts Act 1948 and ...
Repayment by salary deduction. Payment of monthly installment is via an automatic salary deduction by a government-related body called the National Cooperative Movement of Malaysia (ANGKASA). Loan size is limited to RM250,000 (maximum allowed) or to the maximum installment amount that can be deducted from the borrower’s salary.