Daily HR News 3.2.2025
Mandatory EPF contributions for foreign workers capped at 2%, says Sim
The Malaysian government will require foreign workers and their employers to each contribute 2% to the Employees Provident Fund (EPF). This rate will remain until further studies assess its suitability. Prime Minister Anwar Ibrahim's 2025 Budget proposal aims to ensure fair treatment for all workers, aligning with international standards like the ILO Convention 102.
Source: https://www.thestar.com.my/news/nation/2025/02/03/mandatory-epf-contributions-for-foreign-workers-capped-at-2-says-sim