What Is Wages Subsidy Programme (WSP)?
The purpose of the wage subsidy programme is to help employers affected economically by Covid-19 to continue operations and avoid the loss of jobs and income streams for all enterprises.
What is Wage Subsidy Programme (WSP)?
In efforts to ease the financial burdens of SMEs, and to assure that two-thirds of the work force will remain employed, Prime Minister Tan Sri Muhyiddin Yassin has announced a Wage Subsidy Programme (WSP).
Starting from April 9 2020, employers of Small and medium Enterprises(SMEs) can submit their applications for the wage subsidy scheme that was launched by Perkeso (SOCSO).
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Applications for the Wage Subsidy Programme (WSP) can be made online at prihatin.perkeso.gov.my.
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The dateline for application submission is on September 15 2020.
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Employers will get a 3 month period subsidy from the Wage Subsidy Programme (WSP)
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But what are the requirements for qualifying for the Wages Subsidy Programme (WSP) and how much financial assistance would you receive ?
Financial Assistance Rate
Step To Claim Wages Subsidy Program (WSP)
Step 1 : Go to prihatin.perkeso.gov.my
Click on PERMOHONAN & SEMAKAN button in Prihatin PKS+
Click on PERMOHONAN BULAN PERTAMA button
Step 2 : Fill In Employer Detail (Section A)
Fill in all employer detail that required*
Step 3 : Upload Supporting Document (Section B)
A) PSU Declaration
Click here to download the format & fill in manually or, generate it from SQL Payroll directly.
Print directly from SQL Payroll, sign & upload.
B) Attachment of Employee List
Click here to download the format & fill in manually.
Sample of Employee List
Column Explanation
C) Copy of SSM / ROS / ROB
Click on Choose File to upload your company SSM Form, ROS, ROB. Eg, SSM Document such as Sdn Bhd = Form 9.
D) Bank ID/ MyCOID identification No.
Click here to download the file. Then fill in your company letterhead, business registration number, your name , your phone number, your email address.
Sample of Bank ID/ MyCOID form
E) Copy of Financial Statement / Sales Report
**This is required if your company number of employees is above 76 pax.
Once Hantar, you will see this notification, please proceed to declaration
Tick all declaration & click on Hantar
Important: Save the reference number for future follow up purpose
FAQ regarding wage Subsidy Programme
Q1 : What should I do if my company's application for Wages Subsidy Programme (WSP) is approved?
Employers can claim the subsidy from SOCSO given that they have paid their employees their full salary. Employers must still contribute monthly for their employees’ SOCSO and EIS payments based in the employee’s actual salary amount
Q2 : Can I apply for both the Employment Retention Programme (ERP) and the wage subsidy programme (WSP) at the same time
Employers whose application for ERP has been approved can also apply for the wage subsidy programme if their companies meet the wage subsidy guidelines.
But employers cannot apply for ERP and wage subsidy for the same employee for the same month.
Q3 : Do I still need to pay my employees their full salary if my application for Wage Subsidy Programme (WSP) has been approved?
Yes, employers still need to pay their employees full salary.
Q4 : If there was an agreement between the employees and the employer to take Unpaid Leave or to have a salary deduction in order to keep the business running, does the company still qualify for Wages Subsidy Programme (WSP)?
No. This is not allowed based on the eligibility requirement given for Wage Subsidy Programme (WSP).
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