Social Security Rate For Companies in Malaysia remained unchanged at 12 percent in 2020 from 12 percent in 2019. source: Social Security Organisation (SOCSO)

Social Security Rate For Companies in Malaysia averaged 12.68 percent from 2011 until 2020, reaching an all time high of 13.78 percent in 2014 and a record low of 12 percent in 2017. This page provides - Malaysia Social Security Rate For Companies - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Social Security Rate For Companies - values, historical data and charts - was last updated on May of 2021.

Social Security Rate For Companies in Malaysia is expected to reach 12.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia Social Security Rate For Companies is projected to trend around 12.00 percent in 2022, according to our econometric models.

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Malaysia Social Security Rate For Companies

Actual Previous Highest Lowest Dates Unit Frequency
12.00 12.00 13.78 12.00 2011 - 2020 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 21.00 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 9.00 11.00 11.50 8.00 percent [+]


Malaysia Social Security Rate For Companies
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.