NATIONAL STRUCTURED INTERNSHIP PROGRAMME (MYSIP)

MySIP
NATIONAL STRUCTURED INTERNSHIP PROGRAMME (MYSIP)

Benefits for Employers

As an employer hiring Malaysian full-time students from local IPTA (Public Higher Learning Institutions), IPTS (Private Higher Learning Institutions), higher learning institutions abroad, or TVET (Technical and Vocational Education and Training) institutions, you are eligible for a double tax deduction incentive. This incentive applies to related expenses incurred for interns throughout their internship period, provided the programme is endorsed by TalentCorp.

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Eligibility Criteria

NATIONAL STRUCTURED INTERNSHIP PROGRAMME (MYSIP)

To qualify for the MySIP incentive, your organization must meet the following criteria:

  • Minimum Internship Period
    • Provide an internship lasting at least ten (10) weeks.
  • Minimum Allowance
    • RM600 per month for students pursuing a master’s degree, bachelor’s degree, Advanced Skills Diploma (DLKM), Professional Certificate, or equivalent.
    RM500 per month for students pursuing a diploma, Malaysian Skills Certificate (SKM) Level 1 to Level 3, or equivalent.
  • Structured Internship Framework
    • RM500 per month for students pursuing a diploma, Malaysian Skills Certificate (SKM) Level 1 to Level 3, or equivalent.
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Company FAQ

Do You Have Any Questions?

You have two (2) options to register as a MySIP company
Option 1: You will need interns to apply to your posting and you are willing to invest in relevant advertisement on mynext
Option 2: You have existing interns in your company, and you are seeking for facilitation to be a MySIP company
Both options will give you the endorsement for MySIP 2022 which giving you the eligibility to claim for the double tax deduction benefit.
Contact us at sip@talentcorp.com.my. We will assist you with the process.

TalentCorp is given a mandate to facilitate MySIP company registration and endorsement based on the gazette received from the Ministry of Finance. As such, there are no charges to apply to be a MySIP company.
Additional charges will only apply if you decide to advertise on the mynext platform in search of interns. Please refer to www.mynext.my for more information.

You need to receive an internship placement offer from a MySIP company. Kindly refer to the details of student eligibility stated on the Graduate page.

  • Provide a minimum internship period of 10 weeks
  • Pay a minimum monthly allowance of RM600 for Master’s Degree, Bachelor’s degree and Professional Certificate or equivalent
  • Pay a minimum monthly allowance of RM500 for diploma/Malaysian Skills Certificate (SKM) Level 1 to Level 5 or equivalent
  • Provide an internship framework that include practical experience and emphasises the development of specific knowledge or skills for students and approved by TalentCorp
  • Registered with Companies Commission of Malaysia (SSM) or recognized entities

MySIP companies will receive the following benefits:
a. Be eligible to claim for Double Tax Deduction from the Inland Revenue Board (LHDN) on expenses occurred during internship such as allowances, logistics, data and communication and training.
b. Employers can create and groom their talent funnel for their companies.
c. Apply for internship on the same dashboard