This updated Budget Adviser includes key tax proposals from the Finance Bill, in addition to the highlights of the various tax measures that were announced in the earlier Budget 2022 speech.
The Perlindungan Ekonomi dan Rakyat Malaysia (PERMAI) assistance package that is valued at RM15 billion has been announced by the Government. There will be a total of 22 initiatives implemented under the PERMAI assistance package.
Following the Government's intention to increase the use of e-payments, the IRBM has announced that it will NO longer accept tax payments sent by post or courier with effect from 1 January 2021.
This Budget Adviser provides insights to the tax measures that were announced in the Budget 2021 speech on 6 November 2020 as well as updates on the key tax proposals from the Finance Bill 2020 released on 16 November 2020.
As Malaysian enters the Recovery stage, an economic recovery plan known as Pelan Jana Semula Ekonomi Negara (PENJANA) has been introduced by the Government. Our Adviser on Short-term Economic Recovery Plan (PENJANA) issued earlier is updated following further information released by the Ministry of Finance.