Malaysia legislation
Section 15
Section 15
(2)
Upon registration under subsection (1), there shall be paid by the employer a human resources development levy in respect of each of his employees at the rate of 0.5 per centum of the monthly wages of the employee.
(3)
In the event of any default in the payment of any levy due under subsection (1), the provisions of subsections 14(3) and (4)
shall apply.
(4)
If the number of employees of an employer referred to in subsection (1) increases to more than the maximum number for his class as specified in Part II of the First Schedule, the rate of levy shall be one per centum of the monthly wages of each of the employees.
Pembangunan Sumber Manusia Berhad 17
(5)
If the number of employees of an employer referred to in subsection (4) decreases to below the maximum number for his class as specified in Part II of the First Schedule, the rate of levy shall remain at one per centum of the monthly wages of each of the employees until the end of the current year.
(6)
If the number of employees of an employer referred to in subsection (5) remains below the maximum number for his class as specified in Part II of the First Schedule after the current year, the rate of levy shall be 0.5 per centum of the monthly wages of each of the employees.
(7)
If the number of employees of an employer referred to in subsection (6) increases to more than the maximum number for his class as specified in Part II of the First Schedule, the rate of levy shall immediately increase to one per centum of the monthly wages of each of the employees.
(8)
The Minister may, from time to time, by order published in the Gazette, reduce or increase the rates of the levy specified in this section.
Deregistration of employers