Human Resources Development Fund (HRDF)

Employers have been given a 6-month exemption from contributing to the Human Resources Development Fund.

Adapt and grow

HRDF is taking the relevant pro-active measures to cushion the impact of the COVID-19 outbreak on registered employers, their local workforce and Malaysians in general by encouraging them to “adapt and grow” in this current state by increasing up-skilling and re-skilling efforts.

HRDF registered employers from 63 sub-sectors are exempted from paying the mandatory Human Resources Development (HRD) levy under the Pembangunan Sumber Manusia Berhad Act 2001 (Act 612) for six (6) months.

The implementation of levy exemption is to support over 30,000 of the Fund’s registered employers during this difficult period. The levy exemption will come into effect from 15 April 2020 to 15 September 2020

Please find below the relevant links for further details:

HRDF circular No 2/2020 dated 27 March 2020 –
Source: https://www.hrdf.com.my/wp-content/uploads/2016/12/2-Employers-Circular-No-2-2020.pdf
HRDF FAQ on Prihatin Rakyat Economic Stimulus 2020 –
Source: https://www.hrdf.com.my/wp-content/uploads/2016/12/HRDF-FAQ-on-6-Month-Levy-Exemption-29-03-2020_ENG_BM.pdf

Initiatives & Measures

PERKESO

The Wage Subsidy Program, Employment Retention Program and Employment Insurance System have been introduced to assist businesses in dealing with the COVID-19 outbreak.

Inland Revenue Board

The IRB has announced various measures to assist taxpayers in coping with their tax obligations during the Movement Control Order period.

Loans for SMEs

Several financing facilities have been introduced under the Economic Stimulus Packages to help businesses cope with the COVID-19 outbreak.

Employees Provident Fund (EPF)

Employers have been given an option to apply for deferment and restructuring of employer’s share of EPF contributions.