FAQ on Wage Subsidy Programme
- Documents required to apply for the Wage Subsidy Programme
- Table of the enhanced Wage Subsidy Programme
- Who is not eligible to apply
This Alert presents the Frequently Asked Questions (FAQ) about the enhanced Wage Subsidy Programme (WSP) which was announced on 6 April 2020 and replaces the previous programme announced on 27 March 2020.
Documents required to apply for the WSP
- Employee name list (according to enterprise size qualification and restrictions)
- Employer bank account information (the first page of bank statement)
- Details of the employer’s panel bank registration (pengenalan pendaftaran bank panel majikan)
- Copy of the employers’ Companies Commission of Malaysia (SSM)/ROS/ROB registration or business licence
- Other supporting documents such as financial statements or sales reports which have been certified by the management (required for employers having 76 employees and above)
Table of the enhanced WSP (6 April 2020)
Businesses in the tourism industry such as travel agencies, hoteliers and airlines will be given a deferment of their monthly tax instalment payments for six (6) months from 1 April 2020 to 30 September 2020.
This will affect instalment payments from 1 April 2020 to 30 September 2020 and the Inland Revenue Board (IRB) clarified in their media release dated 9 March 2020, that an application for the deferment has to be made via a manual form to the Tax Operations Department of the IRB.
RM800 subsidy per month for each eligible employee
2. The employer is registered with the Companies Commission of Malaysia
3. (SSM) or Local Authorities before January 1 2020
4. Employers must have started operations before January 1 2020
Who is NOT eligible to apply for the WSP?
- Employer or company which registered and started operations on or after January 1, 2020;
- Employers and employees who have not registered or contributed to Social Security Organisation(SOCSO);
- Employees who are receiving the Employment Retention Program (ERP) financial aid during the
- Employees with salaries of more than RM4,000 per month;
- Employees who have been terminated;
- Employees of the public sector, federal and state statutory bodies, Local Authorities and self- employed (without employers) including freelancers; and
- Foreign workers and expatriates.
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