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2.1ÌýÌýÌýÌý Withholding of income tax

Potongan cukai bulanan (PCB) is the monthly tax deduction scheme and it requires employers to:

1. Ìý

   •ÌýÌýÌýÌý calculate and withhold tax from employee salary payments

2. Ìý

   •ÌýÌýÌýÌý maintain accurate employee records and notify movements within 30 days

3. Ìý

   •ÌýÌýÌýÌý Remit PCB deductions by 15th of the following month (1.3)

4. Ìý

   •ÌýÌýÌýÌý Submit Form E annually by 30 April (1.3)

5. Ìý

   •ÌýÌýÌýÌý declare employee's income in Form EA (statement of remuneration) to the employee (1.3)

6. Ìý

   •ÌýÌýÌýÌý in certain circumstances hold employee's final salary payment until a tax clearance letter issued

7. Ìý

   •ÌýÌýÌýÌý keep all records for seven years

It is a monthly scheme because it references monthly remittances to the authorities. The pay period for an employee can be weekly, fortnightly, or monthly and payment of salary must be within seven days of the end of the pay period (1.3).

Employers are required to assess both cash remuneration and non-cash benefits-in-kind