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Tengku Zafrul tells MSMEs to utilise business tax cuts

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The finance minister also commented on the e-Pemula initiative that aims to lighten the financial burden of local enterprises and encourage cashless transactions by physical businesses. theSun thesundaily MSMEs Budget2022

has called on entrepreneurs to utilise the business tax cuts provided for in Budget 2022.

“Apart from that, there are also extended tax cuts for renovation costs of up to RM300,000 to support the compliance of standard operating procedures such as improvement to air circulation,” he added. Meanwhile, the finance minister said the government might launch various initiatives for the people, business and the economy this week.

“The government is aware of this problem and this is in line with the National Housing Policy which stresses home ownership for the lower income group,” Tengku Zafrul said in the financial report.

 

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