Tuesday, 24 Mar 2020 07:45 PM MYT
President Abd Halim Husin said the move would ease the impact of an economic slowdown post-Covid-19 movement control order as small and medium enterprises are among the biggest wage payers in Malaysia’s economy. He said MTEM is also suggesting exemptions from the Sales and Services Tax as well as taxes related to tourism and other industries that have lost their sources of income.
He said MTEM is also suggesting that the government speed up the disbursement of funds to approved or almost approved SMEs as well as ease approvals for business financing applications.
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