Below, you'll find responses to frequently asked questions that we often encounter.
What are the steps involved in setting up a business in Malaysia using Talenox?
How can I configure Talenox for KWSP, SOCSO, and PCB compliance after registering my business?
What is the process for managing payroll in compliance with Malaysian regulations through Talenox?
What to Do After Setting Up a Business in Malaysia?
Once you've successfully set up your business in Malaysia, it's crucial to ensure compliance with local laws, particularly in the areas of payroll and statutory contributions.
This guide provides a step-by-step overview of the next steps you should take after setting up your business, including using Talenox for compliance and payroll management.
After going through the steps to register your business, it’s time to focus on payroll and compliance. Here are some essential Knowledge Center (KC) articles to guide you:
Setting up a Talenox account for KWSP, SOCSO + EIS, and PCB Compliance
Learn how to configure your Talenox account to ensure you meet the statutory requirements for employee contributions such as KWSP (EPF), SOCSO, EIS, and PCB.
Setting Up Employee’s Profile:
EPF/KWSP:
SOCSO/EIS:
PCB/MTD:
Submitting Form EA and Form E
These article guides you on how to generate and submit Form EA and Form E forms to stay compliant with annual income tax submission requirements for both employees and employers.
More forms that you can refer to here.
Submission Deadlines to Remember
Malaysia has strict submission deadlines for statutory contributions and forms. Make sure to adhere to the following timelines:
KWSP, SOCSO, EIS, and PCB Contributions: These contributions must be submitted by the 15th of the following month.
Form EA Issuance: Employers must issue the Form EA to employees by the last day of February each year.
Form E Submission: Employers are required to submit Form E by 31st March.
Summary of Key Steps for Compliance Using Talenox
To make payroll compliance easier, follow these steps:
Set up your Talenox Account
After registering your business, the first step is to set up a Talenox account and create and set up the employee’s profile to manage payroll, employee records, and compliance contributions for KWSP, SOCSO, EIS, and PCB.
Configure Statutory Contributions
KWSP (EPF): Register with the Employees Provident Fund (EPF) and set up monthly contributions for your employees.
SOCSO & EIS: Register for Social Security Organization (SOCSO) and Employment Insurance System (EIS) contributions for employee protection.
PCB: Ensure the monthly deductions for income tax (PCB) are calculated and submitted to LHDN.
Submit Contributions Monthly
Using Talenox, generate and submit the necessary files for KWSP, SOCSO, EIS, and PCB contributions on or before the 15th of each month.
Issue Form EA to Employees
By February, use Talenox to generate Form EA forms, which summarise each employee's annual income, and distribute them before the end of the month.
Submit Form E to LHDN
Submit Form E to the Inland Revenue Board (LHDN) by March 31st, ensuring that your company remains compliant with income tax laws.
By following these steps and utilising Talenox to manage your payroll and statutory contributions, you can ensure smooth operations and full compliance with Malaysian business regulations.