Latest update on WSP 4.0 (open by 1/8/21)

Latest update on WSP 4.0

Latest update on WSP 4.0

Overview of WSP 4.0

Get ready to apply the WSP 4.0 which applicable for all industries! No salary restriction this time according to the FAQ of “Program Subsidi Upah 4.0” (WSP)which issued by PERKESO on 15 July 2021.

Key takeaways of WSP 4.0:

You will understand the update of the WSP 4.0 as follows:--

1. Who can apply for WSP 4.0?

2. When to apply?

3. How much for the subsidy?

4. Subsidy for how many months?

5. Do I need to submit the application for WSP4.0 if I have applied before for WSP2.0 or WSP3.0?

6. What type of documents are needed for new application?

Summary of learning

1. Who can apply for WSP 4.0?

- Employer and employees who have registered or contributed to Socso before 1Jun 2021.

- Employer should have registered with the Companies Commission of Malaysia (SSM) or the relevant local authority before 1 Jun 2021.

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

2. When to apply?

- Effective from 1 August 2021 until 31 October 2021.

3. How much for the subsidy?

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

Remark: The monthly salary restriction of not more than RM4,000 has been removed under WSP4.0.

4. Subsidy for how many months?

- 2 months for all industries; and

- additional 2 months for sectors on the negative list such as Pub, Spa and beauty salon.

5. Do I need to submit the application for WSP4.0 if I have applied before for WSP2.0 or WSP3.0?

- Yes, employer has to submit new application through Perkeso website https://psu.perkeso.gov.my/.

6. What type of documents are needed 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 WSP4.0

Sources of WSP 4.0

FAQ for WSP 4.0 on 15 July 2021

https://www.perkeso.gov.my/images/pemulih/psu4/150721_-Soalan%20Lazim%20Program%20Subsidi%20Upah%20PSU4.0%20v4.pdf?fbclid=IwAR2EzmvfMtWr2r4kjq6UM3SgYBTaGc1TpTxd_7jUIVnzgd4TleQZSQmm3Wo

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Visit us

  • Wisma 𝐊𝐓𝐏, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

  • Wisma 𝐓𝐇𝐊, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

𝐊𝐓𝐏 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 (Our internal community for our colleagues)

𝐊𝐓𝐏 𝐂𝐚𝐫𝐞𝐞𝐫 (Our external community for interns, graduates & experienced candidates )

𝐓𝐇𝐊 (Secretarial, Account/Payroll, Advisory)

We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.

#Thk

#KTP

#KTP lifestyle

#KTPcareers

 
 
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