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In Malaysia, food allowances are typically not considered part of an employee’s wages or salary for the purposes of SOCSO (Social Security Organization) contributions. Therefore, food allowances are generally not subject to SOCSO contributions. Determining Factors: Nature of Allowance: If a food allowance is a specific reimbursement for meals or sustenance provided to employees during … Read more
In Malaysia, the treatment of traveling allowance concerning SOCSO (Social Security Organization) and the Employment Insurance Scheme (EIS) depends on how it’s categorized and paid to employees. Traveling Allowance and SOCSO: Fixed and Regular Travel Allowance: If the traveling allowance is a fixed and regular part of an employee’s salary or compensation, it might be … Read more
In Malaysia, the Social Security Organization (SOCSO) provides social security protection to various categories of individuals who meet specific eligibility criteria. Eligibility for SOCSO coverage typically extends to: 1. Employees: Private Sector Employees: Individuals working in the private sector, including permanent, temporary, and contract employees, are generally eligible for SOCSO coverage. Domestic Workers: Domestic workers, … Read more