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TaXavvy Issue 30/2020
In this issue:
COVID-19 Special Edition
Economic Stimulus Package and Movement Control Order - Summary of tax measures
The Government has announced the first Economic Stimulus Package (ESP) 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. Following that, 2 subsequent announcements to enhance the ESP were made, namely, the PRIHATIN Rakyat and PRIHATIN Tambahan. In the meantime, the country has been placed under the Movement Control Order since 18 March 2020.
Various guidelines and further information in the form of frequently asked questions have been released by the Government in respect of the measures in the ESPs as well as measures to deal with tax compliance obligations and operational issues. These measures have been reported in previous editions of TaXavvy.
This special edition summarises the measures and announcements made to date to provide our readers with a consolidated perspective of the key measures.
The information in this special edition is based on information as at 5 May 2020.
First published 27 April 2020.
Updated on 5 May 2020.
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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