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Malaysia: Tax relief included in economic stimulus package (COVID-19)

Malaysia: Tax relief in economic stimulus package

Tax relief provisions are included in an economic stimulus package to address the effects of the coronavirus (COVID-19) pandemic.

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There are measures to delay the payment of tax installments by taxpayers in the tourism sector, to revise income tax estimates, and to increase the capital allowance allowable for purchases of machinery and other assets.
 

Read a February 2020 report [PDF 573 KB] prepared by the KPMG member firm in Malaysia

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