Tax filing tips for retrenched employees in Malaysia


A PSA. I haven’t had a steady job for 2 years, though I am thankful that have enough income to pay corporate and personal zakat.

Dateline 2016-04-19, Astro Awani (yes, yes it is):

There has been a wave of retrenchments in Malaysia, which started last year, and signs are pointing that it will continue through 2016.

According to the Malaysian Employers’ Federation (MEF), more than 20,000 employees in Malaysia were laid off in 2015.

These lay-offs came from across the board, covering key sectors like oil and gas, banking, retail and manufacturing, the MEF reported.

Its president Datuk Shamsuddin Bardan explained that this was due to numerous factors, including the depreciating value of the Ringgit, escalating cost of living and the lack of new job openings.

 

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