SE Lai CK Alerts 2-2020 – Economic Stimulus Package 2020 (ESP)

Important Circular

Dear Valued Clients and Associates

ECONOMIC STIMULUS PACKAGE 2020 (ESP)

The ECONOMIC STIMULUS PACKAGE 2020 (ESP) was announced on 27 February 2020 by the MOF in response to the COVID-19 crisis and have issued the following:

  1. Economic Stimulus Package 2020 (ESPB); and
  2. Proposed Tax Measures Economic Stimulus Package 2020 (ESPTax).

We have extracted in the attached Memorandum, pertinent ESP measures which in our view would be relevant from both the business and individual perspectives to our clients for their consideration.

The implementation of the proposed tax measures would be subject to any clarification and guidance from the relevant authorities and being legislated where applicable.  As such, further details on the proposed tax measures are expected to be released by the authorities in due course.

Please do not hesitate to contact the following should you have any queries on the above:

TAS Staff

Ext

Email

Ms Reydha

238

reydha.tas@salgroup.com.my

Ms Wang

203

wyl.tas@salgroup.com.my

Ms Suhada

222

suhada.tas@salgroup.com.my

Ms Shahida

233

shahida.tas@salgroup.com.my

Best regards

9 Mar 2020


Attachment:

2020 Economic Stimulus Package

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