The Social Security Rate For Employees in Malaysia stands at 11 percent.

Social Security Rate For Employees in Malaysia averaged 10.89 percent from 2011 until 2019, reaching an all time high of 11.50 percent in 2012 and a record low of 8 percent in 2017. This page provides - Malaysia Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Social Security Rate For Employees - values, historical data and charts - was last updated on July of 2020. source: Social Security Organisation (SOCSO)

Social Security Rate For Employees in Malaysia is expected to reach 11.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia Social Security Rate For Employees is projected to trend around 11.00 percent in 2021, according to our econometric models.

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Malaysia Social Security Rate For Employees

Actual Previous Highest Lowest Dates Unit Frequency
11.00 11.00 11.50 8.00 2011 - 2019 percent Yearly

Malaysia Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 24.00 24.00 30.00 24.00 percent [+]
Personal Income Tax Rate 30.00 28.00 30.00 25.00 percent [+]
Sales Tax Rate 10.00 10.00 10.00 6.00 percent [+]
Social Security Rate 23.00 23.00 25.29 20.00 percent [+]
Social Security Rate For Companies 12.00 12.00 13.78 12.00 percent [+]
Social Security Rate For Employees 11.00 11.00 11.50 8.00 percent [+]


Malaysia Social Security Rate For Employees
In Malaysia, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Malaysia because they help to pay for many social programs including welfare, health care and many other benefits.