fbpx

Automated Compound Reduction – SSM

SSM logo

Starting from 1st July 2019, Malaysian Company Commission (SSM) will held compound reduction automatically within certain duration of time without filing any compound-reduction appeal. SSM suggested all corporate communities to take this chance to settle all compound for avoiding any legal action. All payment of compound can be done at any SSM counter within Malaysia.

Compound reduction rate stated as follows :

 

Duration of payment from Compound date Compound reduction rate from actual compound value
40 days or less 85%
41 to 61 days 75%
61 to 91 days 60%
91 to 180 days 30%