The Employees Provident Fund (EPF / KWSP) has just launched e-Payroll, a digital service that provides automated calculations of statutory deductions and contributions to regulatory bodies. An enhancement of its i-Akaun (employer) portal, the EPF said the service was aimed at SMEs (small and medium-sized enterprises).
“The e-Payroll service is designed to assist SME users of i-Akaun (Employer) who are not using any payroll solution or do not have the financial means to utilise a payroll solution,” said EPF chairman Ahmad Badri Mohd Zahir, according to The Star.
e-Payroll gives employers the ability to digitally store employee records, including those related to salary, in addition to slashing the time required to handle tasks related to statutory obligations.
Memperkenalkan e-Payroll – satu penambahbaikan terbaru portal i-Akaun (Majikan) bagi membantu dan mempermudahkan urusan-urusan penggajian majikan.
— KWSPMalaysia (@KWSPMalaysia) June 18, 2021
As one would expect, e-Payroll was developed in partnership with and is endorsed by the Inland Revenue Board Malaysia (IRBM / LHDN), Social Security Organisation (Socso), and Human Resource Development Corporation (HRD Corp).
600 SMEs were said to have enrolled in e-Payroll’s pilot test and soft launch. For more information about the service, you can visit its official webpage.