Wednesday, 20 January 2021

PERMAI Assistance Package

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 (Malaysia).

1 comment:

Malaysia's DTA with Cambodia now in effect

The provisions of the Double Taxation Agreement (DTA) between Cambodia and Malaysia are effective in Malaysia from 1 January 2021. The DTA w...