With the approval of the Party Central Committee and the State Council, according to the “National Holidays and Memorial Day Holiday Arrangement” revised in November 2024, starting from January 1, 2025, the public holidays for all citizens will be increased by 2 days, with an additional day added to both the Spring Festival and Labor Day.
The Social Security Organisation (Perkeso) will enforce a new salary ceiling for contribution purposes, raising it from RM5,000 to RM6,000, effective October 1, 2024.
This enforcement follows amendments to the Workers’ Social Security Act 1969 (Act 4) and the Employment Insurance System Act 2017 (Act 800).
The increase in the salary ceiling will provide enhanced benefits to employees earning more than RM5,000, with benefit payment rates rising by up to 20.2%.
Starting from October 1, 2024, the revised contribution amounts for employees earning more than RM5,000 and RM6,000 per month will be applied as outlined in the Third Schedule of Act 4 and the Second Schedule of Act 800.
For more information on the contribution rates, please refer to the table at https://www.perkeso.gov.my/en/rate-of-contribution.html.
Notifications have been received from various local governments to adjust the social contribution and housing fund caps, effective July 1, 2024.
Starting from 10 July, eligible individuals can apply for the new Mainland Travel Permit via China Travel Service (CTS) offices in Macao or Hong Kong.