If you are a new business owner or handling HR payroll in Malaysia for the first time, you have probably heard of Borang VAR 1 . While it might look like just another piece of bureaucratic paperwork, this form is critical for staying compliant with PERKESO (Social Security Organization).
It details the wages of each employee and calculates the amount to be deducted from the employee’s salary and the amount to be paid by the employer. borang var 1
Understanding Borang VAR 1: A Complete Guide for Malaysian Employers If you are a new business owner or
Borang VAR 1, officially known as the Borang Penyata Caruman Pekerja Bulanan , is the contribution statement used by employers to declare monthly SOCSO contributions for their employees. Understanding Borang VAR 1: A Complete Guide for
Borang VAR 1 might seem tedious, but it protects your employees (providing them with medical, disability, and employment insurance) and protects your business from legal trouble. Use PERKESO’s online portal to save time, and always double-check your wage calculations.
Example: Salary for January must be reported and paid using Borang VAR 1 by February 15th.
Disclaimer: This information is accurate as of the current year. Contribution rates are subject to change by the government. Please refer to PERKESO’s official website or the latest "Jadual Caruman" for updates.