On Monday, 18 January 2021, Prime Minister Tan Sri Muhyiddin Yassin announced the "Perlindungan Ekonomi dan Rakyat Malaysia" (Permai) assistance package worth RM15 billion. This round of economic assistance is aimed at providing vital support to businesses and the general public who may be affected by the new lockdown measures.
What are the tax measures and subsidies available under PERMAI Assistance Package that can assist businesses and the rakyat?
Read the full article on the PERMAI Assistance Package here
Landlords who are entitled to the special deduction for rental discounts given to SME tenants can also now claim relief if the rental discount is given to non-SME tenants. The eligibility period is extended to 30 June 2021
COVID-19 Act 2020 Contractual Obligations
Businesses and individuals are relieved from performing their contractual obligations under the COVID-19 Act 2020. The effective period has been extended to 31 March 2021.
Enhanced Wage Subsidy Programme (WSP 3.0)
Prihatin Special Grant Plus for SMEs
Purchase of passenger cars
Cost of COVID-19 screening
Individuals are allowed tax relief of RM1,000 for medical examinations which are now expanded to include the cost of COVID-19 screening. This relief is effective from Year of Assessment 2021.
Purchase of mobile phones, computers and tablets
Resident individuals are eligible for a special tax relief of up to RM2,500 on the purchase of mobile phones, computers and tablets. This relief is extended to 31 December 2021.
Bantuan Prihatin Nasional (BPN 2.0) & Bantuan Prihatin Rakyat (BPR)