The Pembangunan Sumber Manusia Berhad Act 2001 ("PSMB Act") has recently been amended to expand the categories of employers required to pay a levy to the Human Resources Development Fund ("HRDF").
MalaysiaLaw Practice Management
The Pembangunan Sumber Manusia Berhad Act 2001
("PSMB Act") has recently been amended
to expand the categories of employers required to pay a levy to the
Human Resources Development Fund
("HRDF"). The amendment was effected
pursuant to the Pembangunan Sumber Manusia (Amendment of First
Schedule) Order 2021 which replaces the First Schedule
of the PSMB Act, which sets out the industries which are subject to
the levy. The new First Schedule ("First
Schedule") lists out the following 48 industries:
Under the recent amendments:
- Employers who employ a minimum of 10 Malaysian employees in any
of the industries stated in the First Schedule must register with
the Pembangunan Sumber Manusia Berhad
("Corporation") and pay a levy in
respect of each employee at the rate of 1% of the monthly wages of
its employees;
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