Mida expects investments in high-tech manufacturing, global service centres, principal hub, healthcare, education, logistics, green technology and R&D
THE government announced the sixth economic stimulus package (Pemerkasa) worth RM20bil on March 17,2021, one year after Malaysia first imposed a lockdown due to Covid-19. Pemerkasa brought the total value of the packages to RM340bil.
Numerous tax measures have been introduced by the government to soften the impact of the Covid-19 pandemic on taxpayers.
Among others, income tax exemption of up to RM5,000 is given to employees who receive a handphone, notebook or tablet from their employer and a special tax relief of up to RM2,500 is given on the purchase of a handphone, notebook or tablet. Taxpayers can also claim up to RM1,000 in tax relief for full medical check-ups and Covid-19 tests when filing their income tax forms.
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