KUALA LUMPUR: The government plans to make it mandatory for all foreigners working in Malaysia to contribute to the EPF, Prime Minister Datuk Seri Anwar Ibrahim said today.
Currently, contributions to EPF are only mandatory for Malaysians though non-citizens can register as members.
In tabling the 2025 Budget (Belanjawan 2025), Anwar said the proposal for mandatory contributions from non-citizen workers will be implemented in phases.
"In line with the international standards, the government is committed to providing fair treatment to all workers regardless of nationality."
Meanwhile, Anwar said EPF was reviewing its approach to intergenerational transfers to allow a portion of a member's savings to be directly transferred into the EPF account of close family members.
This, he said, was to prepare Malaysia to overcome the ageing population.
He also said the government intends to extend tax relief for individual income related to contributions to the Private Retirement Scheme and deferred annuity premiums until the assessment year 2030.