Inclusive policy: Sim (right) interacting with participants at a tax seminar on Budget 2026 in Penang. — Bernama
GEORGE TOWN: The implementation of a 2% Employees Provident Fund (EPF) contribution rate for both employers and non-citizen employees is a fair and balanced step to ensure social justice while maintaining Malaysia’s international reputation, says Steven Sim.
The Human Resources Minister said the move, which came into effect last month, is in line with international labour standards and is essential to upholding Malaysia’s credibility in the global market.
