The budget is certainly skewed to deal with the immediate need to alleviate the pain faced by the B40 and M40 groups, and at the same time, ensure businesses can be sustained through these tough times, he said.
KUALA LUMPUR: Although Budget 2021 is the largest budget ever announced by the government, with tax collection under pressure from a slower economy, the government appears to have resisted the urge to amend the tax law.
Instead, the government has challenged businesses to remain steadfast and pull through together, said PricewaterhouseCoopers (PwC) PLT Malaysia Tax Leader, Jagdev Singh.
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