The Prime Minister of Malaysia announced the Perlindungan
Ekonomi Dan Rakyat Malaysia (PERMAI) Assistance Package valued at RM15 billion on 18
January 2021. The package aims to:-
- Combat the Covid-19 Outbreak
- Safeguard the welfare of the people
- Support the business continuity
The following measures were announced by the Prime Minister:
- Personal tax relief for private COVID-19 screening
- Tax deductions for contributions made towards curbing the spread of the COVID-19 pandemic
- Extension of special personal income tax relief on the purchase of personal computer, smartphone or tablet
- Extension of sales tax exemption on passenger vehicles
- Wage subsidy program 3.0
- Shorter ownership period to qualify for excise duty and sales tax exemption for taxi owners
- Special deduction on rental discount extended given to non-SMES
(Note: For further information about our Tax Subscriptions, contact us at my-sales@wolterskluwer.com (Malaysia).
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