TaXavvy Issue 07/2020

In this issue:

2020 Economic Stimulus Package (ESP)

The ESP has been announced by Tun Dr. Mahathir Mohamad on 27 February 2020.  The ESP focuses on strategies to mitigate the impact of COVID-19, spur rakyat-centric economic growth, and promote quality investments.

The ESP include tax measures to:

  • Ease cash flow for businesses
  • Boost private consumption
  • Promote investments
  • Develop human capital
  • Protect employees from COVID-19

TaXavvy is a newsletter issued by PricewaterhouseCoopers Taxation Services Sdn Bhd. While every care has been taken in compiling this newsletter, we make no representations or warranty (expressed or implied) about the accuracy, suitability, reliability or completeness of the information for any purpose. PricewaterhouseCoopers Taxation Services Sdn Bhd, its employees and agents accept no liability, and disclaim all responsibility, for the consequences of anyone acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. Recipients should not act upon it without seeking specific professional advice tailored to your circumstances, requirements or needs.

 

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