Tax Bulletin 19 Jan 2021 - PERMAI (“Perlindungan Ekonomi & Rakyat Malaysia”) Assistance Package (19 Jan 2021)

Kuala Lumpur, 18 May 2020 - The Prime Minister announced the PERMAI Assistance Package valued at RM15 billion on 18 January 2021. A total of 22 initiatives will be implemented under the PERMAI Assistance Package, anchoring on three main objectives as follows –
  • Combatting the COVID-19 outbreak
  • Safeguarding the welfare of the people
  • Supporting the business community
Prior to the PERMAI Assistance Package, the Government had unveiled various economic stimulus packages to alleviate the ill-effects of the Covid-19 pandemic such as Prihatin, Prihatin Plus, Penjana and KITA Prihatin totaling RM305 billion. Further allocations were also announced in Budget 2021 in relation to Covid-19.
Below are a select few of the highlights and tax initiatives under the PERMAI Assistance Package, which essentially enhances or extends previous  measures announced –
Further details will follow as and when they are made available.

For any enquiries or assistance, please contact any of the following in this office:
Mr Anand Chelliah
Managing Partner, Tax Services
Asia Pacific Tax Leader
DL: +6 (0)3 2297 1093
Mr Marcus Tan
Executive Director (Corporate Tax & Tax Incentive), Tax Services
DL: +6 (0)3 2297 1521
Mr Yohan Francis
Executive Director (International Tax & Transfer Pricing), Tax Services
DL: +6 (0)3 2297 1096
Mr Murugan Anbanantham
Director (Technical), Tax Services
DL: +6 (0)3 2297 1004
Ms Tay Siew Chu
Associate Director (Corporate Tax & Personal Tax), Tax Services
DL: +6 (0)3 2297 1139
Ms Sandra Saw
Associate Director (Corporate Tax & Sales Tax and Service Tax), Tax Services
DL: +6 (0)3 2297 1146

Photo by
Matiinu Ramadhan on Unsplash