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Malaysia 2020 Economic Stimulus Package Presented

|Approved Changes|Malaysia
Malaysia

Malaysia's Interim Prime Minister Tun Dr Mahathir Mohamad presented the 2020 Economic Stimulus Package on 27 February 2020, which includes measures to counter the negative impact of the coronavirus (COVID-19) outbreak and support economic growth and investment. Some of the main measures are as follows:

  • A deferment of monthly income tax instalment payments is provided for businesses in the tourism sector with effect from 1 April to 30 September 2020, with other impacted businesses allowed to …

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