Last Updated on December 27, 2024
Key Points
- Malaysia increased the country’s minimum monthly wage requirements and introduced temporary exemptions for employers under certain conditions
Overview
The government of Malaysia increased the country’s minimum wage to RM 1,500 on 1 January 2023. According to the government announcement, employers in all sectors, regardless of region, who employ five or more employees must adhere to the country’s minimum wage requirements.
The exemption will not apply to employers who carry out professional activities under the Malaysia Standard Classification of Occupations.
The government also stated that employers with fewer than five employees will be exempt from minimum wage requirements. This exemption will remain in place until 1 July 2023.
What are the Changes?
Malaysia’s government introduced new monthly salary requirements on 1 January 2023. According to the government announcement, this decision was made to reduce the economic burdens small businesses face in Malaysia.
Looking Ahead
Continue to check the government of Malaysia’s website and Envoy’s website for the latest updates and information.
