Loading Results

TaXavvy Issue 22/2020

In this issue:

Enhanced Wage Subsidy Programme  

The Wage Subsidy Programme (WSP) announced on 6 April 2020 is an enhancement to the WSP announced on 27 March 2020. Further to the announcement, a revised FAQs on the WSP has been published on SOCSO’s website.  The key changes in the enhanced WSP are:

  • Increased subsidies per employee for micro or small, and medium sized businesses

  • Increased maximum number of employees to be claimed from 100 to 200 employees

  • Simplified claim procedures for micro or small businesses by removal of the 50% decline in revenue condition. 

  • Flexibility in comparison month for  determining the decline in revenue.

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.

 

{{filterContent.facetedTitle}}

Earlier issues of TaXavvy

Contact us

PwC Malaysia

General enquiries, PwC Malaysia

Tel: +60 (3) 2173 1188

Email
Follow us

© 2018 - 2026 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.