Wage subsidy Programme – Updated 6th April (PRIHATIN SME+)
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1. How to Qualify?
What are the eligibility requirements for Wage Subsidy?
- Both employers and employees need to be registered and have contributed to the Employment Insurance Scheme (EIS).
- Employers with declining revenue of more than 50% since January 2020 by comparing total sales in January 2020 and the following months.
- Employers opting to accept this assistance are required not to dismiss employees, directing employees to take unpaid leave and pay deductions for a period of 6 months; That is 3 months during the period receiving the subsidies and 3 months thereafter. e.g. Employers receiving the wage subsidy from April to June cannot undertake any of the above mentioned initiatives until October.
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2. Rate and Period of Assistance
The period of assistance is for a maximum of three months. Under the enhanced initiative, all companies with local employees earning a monthly salary each of RM4,000 and below will receive wage subsidies as follows:
- For companies with a workforce of more than 200 people, Government will provide a wage subsidy of RM600 per month for every retained worker. However, the maximum number of workers that a company is eligible to claim for will be increased from 100 to 200 employees.
- For companies with employees between 75 to 200 people, Government will receive a wage subsidy of RM800 per month for every employee.
- For companies with employees of less than 75 people, Government will provide a wage subsidy of RM1,200 per month per employee.
- For employers opting to accept this assistance, they are required to retain their employees at least for a period of 6 months, that is 3 months during the period receiving the subsidies and 3 months thereafter.
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3. How to apply?
All applications must be submitted by the employer only beginning April 1, 2020 at the web site prihatin.perkeso.gov.my
- Applications can be made by employers from April 1, 2020 at prihatin.perkeso.gov.my
- Employer’s Bank Account Information (Cover only)
- Copy of employer panel / MyCOID bank registration identification.
- Copy of SSM / ROS / ROB registration
- Borang Senarai Pekerja List of workers’ names (limited to 100 employees)
- PSU50 Announcement Declaration
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4. Payment method
Payment from Government is credited to the employer’s account based on the number of eligible employees within seven days of submission of application.
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5. How long will the Wage Subsidy Programme last
The Wage Subsidy period is 3 months from the date of application and the latter is subject to the economic situation of the country decided by the National Economic Action Council.
Enquiries:
- Please refer to the attached SOCSO’s Frequently Asked Question on Wage Subsidy Programme
- Call Customer Service Officer at 1 300 22 8000 or email perkeso@perkeso.gov.my
- For latest updates on EIS and Wage Subsidy Programme, please visit https://www.perkeso.gov.my/index.php/en/wage-subsidy-programme
- More info: https://www.perkeso.gov.my
