JS PARTNERS’ Post

🌟 Join Our 2-Days Seminar on Employment Act 1955 🌟 📅 Date: 14 & 15 January 2025 📍 Venue: Hyatt Place, Paradigm Mall, Johor Bahru ⏰ Time: 9:00 AM – 5:00 PM Stay ahead of the curve! Dive into the latest amendments to the Employment Act 1955 (effective 1 January 2023) and learn how to implement them practically in your organization. 💼 Gain insights into: ✔️ Minimum terms & conditions of employment ✔️ Key changes and compliance strategies ✔️ Practical applications tailored for employers 🎯 Don't miss this opportunity to strengthen your understanding and ensure compliance. 🔗 Register now and secure your spot! #EmploymentAct #HRCompliance #EmployeeRights #SeminarAlert

A new state in Malaysia is leveling the play of Zero tax family office structure like the Lion City (Singapore): Forest City, Johor Learn more: https://lnkd.in/gcj7ucxJ #familyoffice #zerotax #forestcitymalaysia

Is Johor's Bold Move: RM4,000-RM5,000 Starting Salaries—A Game Changer for Malaysia? 1. Johor's recent initiative to offer starting salaries between RM4,000 and RM5,000 for high-skilled workers positions the state as a competitive hub, especially given its proximity to Singapore. citeturn0search0 #JohorTalent #CompetitiveSalaries 2. This strategic move aims to attract and retain skilled professionals, potentially reducing the brain drain to neighboring countries and fostering local talent development. #TalentRetention #LocalDevelopment 3. However, setting such high starting salaries may present challenges for small and medium-sized enterprises (SMEs) in Johor, potentially leading to increased operational costs and wage inflation. #SMEChallenges #WageInflation 4. Other Malaysian states might feel pressured to adjust their salary structures to remain competitive, which could strain businesses unprepared for such wage hikes. #NationalImpact #EconomicBalance 5. Despite these challenges, Johor's initiative could serve as a catalyst for nationwide economic growth, encouraging other regions to enhance their compensation packages and invest in workforce development. #EconomicGrowth #WorkforceInvestment 6. While Johor's ambitious salary offerings present both opportunities and challenges, they have the potential to reshape Malaysia's economic landscape and set new standards for employee compensation. #EconomicReshaping #CompensationStandards Anwar Ibrahim | Tengku Zafrul Aziz | Rafizi Ramli | Gobind Singh Deo | Fahmi Fadzil | Anuar Fariz | Gopi Ganesalingam | Raymond Siva | Dato Idzham Mohd Hashim | Prakash Nagarajan | Malaysia Digital Economy Corporation (MDEC) | Iskandar Investment Berhad | Iskandar Regional Development Authority (IRDA)

Forest City is offering a lucrative tax incentive package for investors. 💰✨ This thriving development in Iskandar Puteri, Johor, is poised to become a regional financial hub. To attract international capital, the government has introduced a range of incentives, including: Concessionary corporate tax rate: Enjoy a tax rate between 0% and 5% for your business operations. Special individual income tax rate: Knowledge workers and Malaysians can benefit from a reduced 15% income tax rate. Family Office Scheme: The first of its kind in Malaysia, this scheme offers a 0% tax rate for family wealth management offices. Other incentives: Enjoy exemptions on import duties, relocation costs, and more. Why invest in Forest City? Strong economic growth: The region is experiencing rapid development and increased demand for commercial and residential properties. Strategic location: Located near Singapore, Forest City offers easy access to Southeast Asian markets. World-class infrastructure: Enjoy modern amenities and excellent connectivity. Don't miss this opportunity to capitalize on the growth potential of Forest City. Learn more about the tax incentives and investment opportunities here:- https://lnkd.in/g3wmPQ3C #ForestCity #InvestmentOpportunity #TaxIncentives #Malaysia #RealEstate #Logistics #Finance #SupplyChain #Malaysia #Singapore

Breaking News: Industrial Court Dismisses Wrongful Dismissal Claim by Ex-Sales Consultant of Country Garden Tay & Partners winning significant Court case as reported by Malaysian news media. The Industrial Court has dismissed the wrongful dismissal claim of an ex-sales consultant against Country Garden Pacificview Sdn Bhd (Country Garden), the master developer of Forest City, Southeast Asia’s largest mixed-use green development at Iskandar Johor. The Court opined that ex-employee was not able to prove that she was being forced to resign. Moreover, she resigned voluntarily in a pre-meditated manner due to her poor performance. Leonard Yeoh and Pua Jun Wen represented Country Garden. To read more: https://lnkd.in/gvB2ETx3 #breakingnews #headlinenews #malaysia #industrialrelations #industrialcourt #employmentlaw #wrongfuldismissal #wrongfultermination #forcedresignation #constructivedismissal #labourandemployment #laborandemployment #litigation #disputeresolution #LabourLaw #laborlaw #HR #humanresources #humanresource

Today, let's answer our customers' questions about Indonesia: Q: What special attention should be paid to the signing of labor contracts in Indonesia? A: The fixed term contract must be signed in writing and must be in Indonesian. If the contract is bilingual, in the case of labor disputes, the judgment will be made by reference to the Indonesian version. Q: How does Indonesia stipulate probation period for employees? A: According to Article 60 of the Indonesian Labor Law, an open-ended contract may stipulate that the probationary period is not more than 3 months, while a fixed-term contract cannot include the probationary period. Q: What are the mandatory vacation allowances in Indonesia? A: If the employee has worked for one year or more, the employer is required to pay the employee a religious holiday bonus once a year according to the employee's religious beliefs (Muslim, Christian, Hindu, Buddhist and Confucian). If you have any related needs, please contact us: https://lnkd.in/gqwhTACK #compliance #hr #global #payroll #hiring

🔧 Advancing Automation and Labor Standards The Malaysia Budget 2025 introduces automation tax incentives and raises the minimum wage to RM1,700 per month. These measures aim to attract more local workers to the plantation sector and encourage the adoption of modern technologies to boost productivity. 🤖📈 #Automation #LaborStandards #PalmOil #MalaysiaBudget2025 #BHIC_Advisory

Hi there! I want to share with you about a relatively new provision issued by the Indonesian government 🇮🇩, which I believe all companies need to know, especially for employees 🧒🧑💼 . The Indonesian government has introduced a mandatory savings scheme called Tabungan Perumahan Rakyat (Tapera) 🏡 or public housing program. It is a housing finance program initiated by the government to fulfill the public's need for housing in Indonesia. Employees are required to contribute through deductions from their salaries 💸. This is outlined in Presidential Regulation No. 21 year 2024 📜, which amends Presidential Regulation No. 25 year 2020 on the Implementation of Tapera, issued on May 20, 2024. If I'm not mistaken it will fall in 2027📅. When will it take effect? According to Article 68 of Presidential Regulation No. 25 year 2020, employers need to register their employees with the Public Housing Savings Management Agency (BP Tapera) within 7 years from the effective date of PP No. 25 year 2020 ⏳. The contribution rate is set at 3 percent (2.5 percent covered by employees and 0.5 percent by employers) 💼, deposited to BP Tapera by the 10th of each month 📆. As you already know, there are other mandatory payroll deductions for employees that have been going on: - Income Tax Article 21 💰 - Health BPJS (Social Security Administration) 🏥 - Manpower BPJS (Social Security Administration) 🛡️ My opinion, as long as it provides significant relief for owning a house, building a house, or renovating a house, for all residences. With flexible features, such as giving an option for employees. I think this is something can be consider. Hopefully this information useful. #indonesia #governmentprovision #tapera #publichousingprogram #indonesiagovernmentupdates #businessinsight

🚀 Exciting Event Alert! 🚀 Join us for an insightful event hosted by PwC Malaysia on "2025 Malaysia's Employment Tax & Employer Obligations - Essential Updates." As Malaysia's employment landscape evolves, it's crucial for employers to stay ahead with the latest updates and compliance requirements. 🗓 Date: Wednesday, 15 January 2025 📍 Venue: Level 15, Menara TH 1 Sentral, Kuala Lumpur Dive into key topics, including: - Recent budget updates and their impact on employers - Essential employment income reporting updates - Employer obligations in Malaysia - Navigating wage policy changes from a rewards standpoint Don't miss this opportunity to ensure you're audit-ready and compliant! Register by 10 January 2025. For any inquiries, contact Ms. Janani Venkitesh at 03-2173 0616 or janani.venkitesh@pwc.com. 🔗 Register at https://pwc.to/2YoMkXJ We look forward to seeing you there! #PwCMalaysia #EmploymentTax #EmployerObligations #StayCompliant #NetworkingOpportunity #TaxUpdates

There is overwhelming interest from Singapore businesses to set up operations and invest in Johor as part of the proposed Johor-Singapore Special Economic Zone (JS-SEZ) - with over nine in 10 firms viewing the southern Malaysian state as an attractive destination - according to a report released by the Singapore Business Federation (SBF). However, the report outlined that most of the businesses are anticipating concerns relating to sourcing skilled and technical workers there, congestion at the land crossings delaying the movement of people and goods as well as difficulty in handling tax issues. https://lnkd.in/ggRVEfZz