LGE240918_LYY.JPG

KUALA LUMPUR (Sept 24): To ease the burden of developers and bring down home prices, skilled foreign labour applying to extend their employment tenure need only pay 80% of the annual RM10,000 levy on foreign workers, said Finance Minister Lim Guan Eng today.

In his keynote address at the Rehda Institute CEO Series 2018 held here, Lim said skilled foreign workers who have worked for at least 10 years in Malaysia are allowed to extend their employment duration for up to three years.

To do that, they must pay their share of the annual tax while their employers will be required to take care of the remaining 20%, he added.

“The government expects to collect at least RM1 billion from this new policy,” he said during a press conference later.

The move was aimed at increasing the government income as well as ensuring that the development of the nation will not be interrupted by a shortage of skilled foreign labour.

“We are more interested in retaining skilled foreign workers than bringing in unskilled workers. It is not worth it to send skilled foreign workers back to their country and bring in new unskilled workers,” he said.

According to an earlier report on Sept 12, the Human Resources Ministry had announced the policy in a press release without mentioning that the levy had to be partially borne by the employee.

The release further stated that the new policy will be implemented from Oct 1.

SHARE
RELATED POSTS
  1. MyEG inks deal with PDC to develop RM108m foreign workers' village
  2. Former Consortium Zenith director says impossible RM2m payment went to Guan Eng, when money was part of RM19m earmarked for Najib
  3. Former Consortium Zenith BUCG senior VP says Zarul informed him of bribing Guan Eng