July 2021

PEMULIH Stimulus Package

On 28th June 2021, the Government has announced the PAKEJ Perlindungan Rakyat Dan Pemulihan Ekonomi or PEMULIH Stimulus Package worth RM150 billion with the following three (3) main focuses:-

Update on FAQ on Tax Matters During Phase One of the National Recovery Plan

The Inland Revenue Board ["IRB"] has issued the updated Frequently Asked Questions ["FAQ"] on Tax Matters During Phase One of the National Recovery Plan (updated on 30th June 2021) as well as the Return Form Filing Programme for the Year 2021 (updated on 26th June 2021) to update the tax filing due dates and other operational matters. In this updated FAQ, the term "Phase One of the National Recovery Plan" has been used to replace the term "Movement Control Order 3.0 Period" used in the earlier FAQ.

Update on Deferment of Payment of Tax Instalments for the Period from 1st April 2021 to 31st December 2021 for Tourism, Cinema and Spa Industries

The Inland Revenue Board ["IRB"] has, on 28th June 2021, updated the Frequently Asked Questions ["FAQ"] - Deferment of Payment of Estimated Tax Payable (CP204) and Instalment Scheme (CP500) from 1st April 2021 to 31st December 2021 under the PEMERKASA Stimulus Package which is available to taxpayers with eligible business codes for the tourism, cinema and spa industries.