The Social Security Rate in Malaysia stands at 24 percent. source: Social Security Organisation (SOCSO)

Social Security Rate in Malaysia averaged 23.40 percent from 2011 until 2022, reaching an all time high of 25.29 percent in 2014 and a record low of 20 percent in 2017. This page provides - Malaysia Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Social Security Rate - values, historical data and charts - was last updated on March of 2023.

Social Security Rate in Malaysia is expected to reach 23.00 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia Social Security Rate is projected to trend around 23.00 percent in 2023, according to our econometric models.

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Malaysia Social Security Rate



Related Last Previous Unit Reference
Social Security Rate 24.00 21.00 percent Dec 2022
Social Security Rate For Companies 13.00 12.00 percent Dec 2022
Social Security Rate For Employees 11.00 9.00 percent Dec 2022

Malaysia Social Security Rate
In Malaysia, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Malaysia because they help to pay for many social programs including welfare, health care and many other benefits.
Actual Previous Highest Lowest Dates Unit Frequency
24.00 21.00 25.29 20.00 2011 - 2022 percent Yearly