The Human Resources Development Corporation (HRD Corp) introduces tax reductions and financial assistance schemes to support employers who engage apprentices at the minimum wage. This includes an Industrial Training Scheme that offers financial aid to companies for up to 12 months, with RM20.4 million approved for 10,766 training placements as of November 30, 2024.
: Tax reductions and assistance schemes via the Human Resources Development Corporation have been introduced to alleviate financial implications and competitive pressures on employers paying minimum wage s to contract apprentices.
“As of Nov 30, 2024, HRD Corp has approved 10,766 training placements under the ITS scheme with financial assistance amounting to RM20.4 million. Abdul Rahman added that through studies and engagement sessions, the proposal to extend minimum wage provisions to contract apprentices received support from employers and industry players.
Tax Reductions Financial Aid Minimum Wage Apprenticeships Industrial Training Scheme
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