After processing payroll or payments in Talenox, you can head over to Payroll > Payroll Settings > Month Total and click on "Export Bank file / EPF / PCB (MTD)" followed by the various statutory file types:

  • EPF
  • SOCSO
  • EIS
  • MTD

To ensure you submit your statutory files on time, do take note of the following deadlines to ensure your company will not need to pay fines.


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EPF

Contribution / Payment deadline:  15th of the following month
(Sources from KWSP)


Fine for Late payment / contribution:

Late Payment Charge:

The lower dividend rate between Simpanan Konvensional and Simpanan Shariah for each respective year with an additional one (1) percent.

The minimum late payment charge imposed is RM10. The late payment charge will be rounded up to the nearest Ringgit denomination. 

 Example:
The late payment charge imposed is RM13.21 and this must be rounded up to RM14.

Dividend

 The dividend rate to be paid will be based on the lower between that of Simpanan Konvensional and Simpanan Shariah. For the years prior to the introduction of Simpanan Shariah, the calculation of late payment charges and dividend will be based on the EPF dividend rate declared for the respective years.  

 Late payment of contribution includes:

    • Overdue contribution;
    • Under-paid contribution

(Sources from KWSP)

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SOCSO + EIS


Contribution / Payment deadline:  15th of the following month
(Sources from PERKESO)

Fine for Late payment / contribution:  

Interest on late payment of contributions will be imposed at a rate of 6% per annum for each day of contributions not paid within the stipulated period.


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MTD (PCB)

Contribution / Payment deadline:  15th of the following month
(Sources from LHDN)

Fine for Late payment / contribution: 

An employer who fails to remit  payment on or before the 15th of the following month can be fined.  The minimum fine is RM200 and not more than RM20,000 or 6 months imprisonment or  both. 

An employer who does not deduct MTD or deducts  but fails to remit the MTD to IRBM can be prosecuted in a civil court. With  this, the MTD not deducted becomes a debt to the Government. 

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Aside from all the ongoing statutory contributions and submissions, you would also like to know that,

Form E

Submission deadline: 30th April of following year
(Sources from YYC Advisors)

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