WSP 5.0 for the tourism industry

WSP 5.0 for the tourism industry

WSP 5.0 is only for Tourism industry. No salary restriction according to the FAQ of “SIP Subsidi Upah Bersasar Pertubuhan Keselamatan Sosial (Perkeso)” which issued by PERKESO on 30 December 2021.

Key takeaways:

You will understand the update of the WSP 5.0 as follows: --

1. Who can apply for WSP 5.0?

2. Which business activity is categorised under Tourism Industry?

3. When to apply?

4. How much is the subsidy for each employee?

5. Subsidy for how many months?

6. Do I need to submit the application for WSP5.0 if I have applied before for WSP4.0 or WSP3.0?

7. What type of documents are required for new application?

Summary of learning

1. Who can apply for WSP 5.0?

- Employer and employees who have registered or contributed to Socso before 1 Jan 2022.

- Employer should have registered with the Companies Commission of Malaysia (SSM) or the relevant local authority before 1 Jan 2022.

- Company’s revenue which reduced by 30% or more of total monthly revenue in October/November/December 2021 compared to any month in 2019/2020/2021 prior to the outbreak of the COVID-19 outbreak.

2. Which business activity is categorised under Tourism Industry?

- Hotel, travel agency, money changer and etc, for full listing of business activities under Tourism Industry, may refer to “Lampiran A”.

3. When to apply?

- Effective from 1 January 2022 until 31 March 2022.

4. How much is the subsidy for each employee?

- RM600 per employee per month and up to 500 employees only.

5. Subsidy for how many months?

- 3 months

6. Do I need to submit the application for WSP5.0 if I have applied before for WSP3.0 or WSP4.0?

- Yes, employer has to submit new application through Perkeso website prihatin.perkeso.gov.my.

7. What type of documents are required for new application?

- Employee listing (follow the standard format in PERKESO website);

- Employer’s bank account information (copy of first page of the bank statement);

- Letter of Business Registration Number (BRN) (normally used to open the company bank account);

- SSM/ROS/ROB/relevant local authority registration certificate;

- Declaration form of WSP5.0

Sources

FAQ for WSP 5.0 on 30 December 2021

https://psu.perkeso.gov.my/Erpc-portlet/lampiran/Soalan%20Lazim%20Program%20SIP%20Subsidi%20Upah%20BERSASAR%20PSU5.0.pdf

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