[LATEST UPDATE]
With reference to the Government’s announcement on the Budget 2021 on 28 November 2020, the new statutory contribution rate for employees' EPF is revised from 11% to 9%.
The new rates will be in effect for an entire year, affecting wages for the months of January 2021 (February 2021’s contribution) up to December 2021 (January 2022’s contribution).
Please ensure that you select "Statutory Default" under EPF (Employee) setting:
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If any of your employees decides to contribute 11% as per status quo, you can manually edit it to 11% under EPF (Employee) setting field:
