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16 Jul 2021

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【Wage Subsidy Programme 4.0】Employers Receive RM600 Wage Subsidy per Employee

As a smart employer, you must be well-informed about the government pandemic alleviation plan – National People’s Well-Being and Economic Recovery Package (PEMULIH). What’s next is the Wage Subsidy Program (PSU) extension to PSU 4.0. 

Aye, it costs a big chunk of money allocation worth RM3.8 billion, which will benefit some 242,000 employers and more than 2.5 million workers from all economic sectors.  Employers still receive a RM600 wage subsidy for every employee. 

Here comes the million-dollar question. How could you keep a piece of the pie? 

 

Eligibility Requirements

The eligibility requirements to date are as follows:

  1. Employers and employees must register with SOCSO before 1 January 2021
  2. Employers must have registered with the Companies Commission of Malaysia (SSM) or the Local Authority (PBT) before 1 January 2021
  3. 2020 / 2021 business income (total sales or monthly income) must be at least 30% lesser than the same month in 2019 (Before the implementation of Movement Control Order or MCO)

 

Number of Employees to be Claimed

Employers can claim up to 500 employees (depending on the size of the enterprise).

 

How to Apply

  1. Visit the website https://prihatin.perkeso.gov.my/ 
  2. Click Permohonan & Semakan (Application & Review) in the PSU section
  3. Click Permohonan (Application)
  4. Select the state in which the business operates and click Halaman Seterusnya (Next Page)
  5. Fill in all the required information correctly
  6. Upload supporting documents
  7. When ready, click Hantar (Submit)

Check your successful application: REVIEW

 

Supporting Documents

The required supporting documents are as follows:

  1. List of employee names (Number of qualifications based on enterprise size)
  2. Bank account information (Front copy of bank statement)
  3. Business Registration Information
  4. Copy of SSM / ROS / ROB / PBT registration or related documents
  5. PSU 4.0 declaration

 

Implementation Period

The implementation period of PSU 4.0 is 4 months and it is effective from 1 August 2021 until October 2021. The 4-month period divides into two:

  • 2 months for all economic sectors (Phase Two)
  • 2 additional months for sectors on the negative list (Phase Three)

 

How to keep up with the latest government initiatives and incentives? Visit CORPSO’s official website or nudge us via Facebook. Our Customer Service Team will be happy to serve you.

 

Click here for more details regarding the Wage Subsidy Programme.