Articles > Key Tax Incentives for Businesses under PENJANA

Key Tax Incentives for Businesses under PENJANA

January 14, 2021 Articles

18 March 2020: Malaysia’s Movement Control Order. This is the day the lives of individuals, businesses and the Malaysian economy changed to adapt to the world’s “new normal” as the Covid-19 pandemic raged on.

Our government has introduced various initiatives including tax incentives aimed to empower the people, propel businesses and stimulate the economy through this unprecedented time.

The following stimulus packages were introduced:

  • Economic Stimulus Package (ESP)
  • Prihatin Rakyat Economic Stimulus Package (Prihatin)
  • Additional Prihatin SME ESP (Prihatin SME+)
  • Subsequently, the government announced the National Recovery Plan or Pelan Jana Semula Ekonomi Negara (Penjana) on 5June 2020

Source: SmartInvestor

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By Subashini Ramachandran
Subashini Ramachandran is a managing consultant of Tricor Taxand Sdn Bhd (f.k.a Axcelasia Taxand Sdn Bhd), a wholly-owned subsidiary of Tricor Axcel Ltd and member of the Taxand global organisation.

For more information, please contact:

Celine See
Tricor Services (Malaysia) Sdn Bhd
Director, Business Development

Tel: +6 03 2783 9191
Email: [email protected]

For other Tricor services, please email to [email protected] or visit to www.tricorglobal.com

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