PENJANA 5JUN 2020 Government Subsidy

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Wage subsidy – extend 3 months for businesses that are not allowed to operate

Incentive for hiring jobless
40 years and below
RM800/m
40 years old and above and OKU
RM1000/m
For 6 months

Upskilling of jobless through short courses subsidy RM600

50million matching grant for gig economy platform

25million to MDEC global online workforce

Work from home – RM5000 tax relief

Tax rebate for Parents for kids related expenses

MY30 unlimited travel pass for public transport on prasarana from 15JUN until end of 2020

RM300 one off payment to OKU before Hari Raya Aidil Adha

Peak B40 get extra RM50million for medical coverage

Free internet 1GB from 8am to 6pm everyday until end of year. Plus free access to government covid19 websites

Each business to get:
Micro business transition to digital to get matching grant up to RM140million by MDEC e-dagang

Private business to run “Shop Malaysia Online” with RM70 millions matching grant from MDEC

RM700 million to PKS for digital transformation

RM2 Billion penjana loan scheme for PKS

RM1 Billion penjana loan scheme for Tourism operators

RM400 Million for small businesses

RM200 Million for bumiputra businesses

RM300 Million for Mara

Cash loan for contractors in class G2 G3

Tax incentive for business spending on covid19 related expenses

RM10 Million for MAGIC Social Activist

Tax Incentive:
RM20k rebate for 3 years for new SME company establishment

Stamp Duty for merger is waived until 30 June 2021

Investment Incentive:
RM1.2 Billion for digital transformation for domestic venture capital

National Tech and Inno Sandbox to develop new technology such as drone delivery

Industry 4.0
Government to move to online counters through digitization

Campaign buy Malaysia
To encourage buying local produce

Contactless payment
RM50 credit into ewallet

Home Ownership Campaign to be reintroduced
Property within RM300k to RM2.5Mil
Until 31May 2021

Waiver of RPGT until 31Dec 2021 limited to 3 properties per individual

Waiver of 100% sales tax for CKD cars
Waiver of 50% sales tax for CBU cars

0% tax for foreigner factories ? to relocate to Malaysia

5 years of 100% tax allowance for local factories

Tourism sector:
Tax delay for tourism business extended
No tax on tourism from July 2020
RM1k individual tax relief for travel

RM225 million for culture and arts

RM350 million for agriculture

100% waiver export of palm oil until 31 Dec 2020

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