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GPMYS: Global Payroll Malaysia Legislative Changes for Tax Year 2020-2021 (Doc ID 2602461.1)

Last updated on OCTOBER 22, 2019

Applies to:

PeopleSoft Enterprise HCM Global Payroll Malaysia - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.

Details

The intent of this document is to describe solutions for problems or questions related to Global Payroll Malaysia Legislative Changes for Tax Year 2020-2021 This solution applies to customers on PeopleSoft Release 9.2. This is a living document and will be updated as new solutions are created; please review thoroughly on a regular basis.

Please see table below for details.

 
Legislative Change Effective Date Additional Info P1 Patch Fix Target Date Targeted into PUM Image/Patchset
GP MYS - BUDGET CHANGES FOR FY2020 Jan 2020

The Malaysian government on 11 October 2019 presented the budget for
Financial Year 2020. Key highlights are:

a) Introduction of a new 30% tax
bracket for individuals, on chargeable income above RM2 million

b) Tax relief for medical expenses expanded to include the cost of fertility treatment.

c) Tax relief for fees paid to approved child care centers and kindergartens is increased from RM1,000 to RM2,000.

 

Bug 30445077

 

 

Actions

 You need to apply the critical patches / GP Updates whenever their legislative fixes are posted

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