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

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