Public Holidays in Labuan for 2019
Public holidays are made to enable people from different religious and cultural background to commemorate their relations. For that reason, public holiday 2019 in Labuan under the government legislative decree released the annual listing of public holidays. However, public holidays are subject to arbitrary change by the government agencies within a calendar year. Every employee is required to observe specific public holidays- especially national holidays with religious holidays refined to individual religious affiliation. In other words, you’re at your discretion to keep the public holiday or not.
The Purpose of the Employer Knowing Employee Public Holiday
Every employer or entrepreneur is required by law to offer a day off for their employees. Therefore, public holiday 2019 in Labuan is meant to highlight some of the national and religious holidays that are mandated by law for observation. In that vein, employers are required to understand the employee public holidays to organise business operations and functionality alongside the staffing. During public holidays, most businesses operations come to a halt while others remain open. Employers need to talk to employees if they want to continue work on public holiday.
Dates of the Labuan Public Holiday 2019
|1 Jan||Tue||New Year’s Day|
|1 Feb||Fri||Federal Territory Day|
|5 Feb||Tue||Chinese New Year|
|6 Feb||Wed||Chinese New Year Holiday|
|1 May||Wed||Labour Day|
|19 May||Sun||Wesak Day|
|20 May||Mon||Wesak Day Holiday|
|22 May||Wed||Nuzul Al-Quran|
|30 May||Thu||Harvest Festival|
|31 May||Fri||Harvest Festival Holiday|
|5 Jun||Wed||Hari Raya Aidilfitri|
|6 Jun||Thu||Hari Raya Aidilfitri Holiday|
|11 Aug||Sun||Hari Raya Haji|
|12 Aug||Mon||Hari Raya Haji Holiday|
|31 Aug||Sat||Merdeka Day|
|1 Sep||Sun||Awal Muharram|
|2 Sep||Mon||Awal Muharram Holiday|
|9 Sep||Mon||Agong’s Birthday|
|16 Sep||Mon||Malaysia Day|
|28 Oct||Mon||Deepavali Holiday|
|9 Nov||Sat||Prophet Muhammad’s Birthday|
|25 Dec||Wed||Christmas Day|
Click here for more information from http://www.kabinet.gov.my original release which Bahagian Kabinet, Perlembagaan Dan Perhubungan Antara Kerajaan has published.
The Employee’s Benefits of Working on a Public Holiday
Labuan is a federal territory in Malaysia with a population of approximately 60,000 inhabitants. It, therefore, means that the Holiday Act governing employment in Malaysia applies to Labuan Island. The employment Act prescribes a minimum of 11 paid gazetted holidays, five of which are non-negotiable. The benefit is only applicable to workers permanently, which cut-across all the sectors.
Furthermore, the legislation prescribes the entitlement of paid holiday eight days for every 12 months of continuous service. Public holiday 2019 in Labuan is established under the Employment Act to protect workers and ensure that every worker gets the best of the bargain. Upon prior request, an employee can work on a public holiday and equally get compensated. Notably, if a public holiday falls on a non-working day (Sunday), the employee is entitled to a day in lieu, which can be on any other day within the week.
Doing Business in Labuan
Labuan is a region that’s part of Malaysia and acts as one of the leading offshore centres of Asia. In the recent past, Labuan is a foreign investor’s destination for investment due to its favourable tax regime and business incentives. The corporate income tax stands at 3 percent as compared to standard corporate tax 24 percent in Malaysia. On the other hand, company formation is more comfortable and faster as only one shareholder is required to open a Labuan Company.
Additionally, if you’re foreigner, you can wholly own your business and engage in any sector, whether it is trading or non-trading. Labuan legal system is centred on English Common Laws, making it more approachable for foreign investors. In Labuan, you don’t need to pay more when registering for your business. If you find it complicated to follow through the process, you may seek the services of 3E Accounting and get the best professional services at your convenient time. If you’re thinking of setting up a business, get all your documents verified by the relevant authorities before proceeding on.
The Island of Labuan under the jurisdiction of Malaysia legislative laws gives entrepreneurs and employees benefit from appreciating their time off from work during public holiday 2019 in Labuan without any disputes. If you’re planning to engage workers during a public holiday, then you should ready to compensate them. Labuan is Asia’s secret haven and offshore financial centre with fantastic infrastructure, highly-qualified workforce and potential economic growth.