Would like to announce and inform that with effective 1st April 2020, new EPF Contribution rate for Employee will be reduce to 7% instead of 11%. If employee would like to remain 11% contribution, employer need to submit KWSP17 (KHAS2020) to EPF department for their record.
Employer contribution remain unchange.
The new rate will take effect from 1st April 2020 to 31st December 2020.
Thanks and stay safe.
Published : 2-Apr-2020