Pakej Perlindungan Rakyat Dan Pemulihan Ekonomi (PEMULIH) - Tax & Business Advisors
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Tax & Business Advisors
Pakej Perlindungan
Rakyat Dan Pemulihan
Ekonomi (PEMULIH)
28th June 2021Tax & Business Advisors
How much is this additional relief worth?
This relief is valued at RM 150 billion
The 3 main focus under PEMULIH are as follows:-
1. Continuing the Rakyat’s Welfare Agenda;
2. Supporting the Business Sustainability; and
3. Increase in VaccinationTax & Business Advisors
Continuing the Rakyat’s Welfare Agenda:
Cash Assistance
Bantuan Prihatin Rakyat (BPR) for July 2021 which
amounting to RM 500 will be paid starting from 29 June
2021.
Whilst 3rd phase of BPR ranging between RM 100 to RM
1,400 will be paid in September 2021.
During the September payment, Approved BPR appeal
cases will also receive BPR payment.Tax & Business Advisors
Continuing the Rakyat’s Welfare Agenda:
Cash Assistance
Bantuan Khas COVID (BKC) : RM 4.6 billion
Category of Eligible Recipient Eligible Amount
Extremely poor household RM 500 (Aug 2021) + RM 500 (Nov 2021) + RM 300
(Dec 2021)
Extremely poor individual RM 200 (Aug 2021) + RM 300 (Nov 2021)
B40 Household RM 500 (Aug 2021) + RM 300 (Dec 2021)
B40 Individual RM 200 (Aug 2021)
M40 Household RM 250 (Aug 2021)
M40 Individual RM 100 (Aug 2021)Tax & Business Advisors
Continuing the Rakyat’s Welfare Agenda:
Cash Assistance
Bantuan Kehilangan Pendapatan: RM 500 million
Eligible Recipient Eligible Amount
Employee who loss his employment RM 500 (Oct 2021)
** The loss of employment data will be extracted from EPF and PERKESO in
the year 2021.Tax & Business Advisors
Continuing the Rakyat’s Welfare Agenda:
Cash Assistance
Job Search Allowance
Eligible Recipient Eligible Amount
Fresh graduates, school leavers, At least RM 300
informal sector workers who is not
a SOCSO member
** The individual who wishes to apply this allowance is required to
register with the platform MYFutureJobs.Tax & Business Advisors
Continuing the Rakyat’s Welfare Agenda:
Cash Assistance
HRD Corp – RM 125 million
Place and Train Initiative under Janapreneur Program for school
leavers and fresh graduates.
It is estimated to allow 30,000 people to undergo skills training with
job security upon training completion.
MDEC will be improving the existing eRezeki and GLOW program to
assist more than 20,000 job seekers in the gig economy.Tax & Business Advisors
Continuing the Rakyat’s Welfare Agenda:
Cash Assistance
Electricity Discount
Electricity discount ranging from 5% to 40% will be given based on
level of electricity consumption with a maximum of 900 kilowatt
hours per month. 40% discount will be given to energy consumption
below 200 kilowatt hours, 15% discount will be given to consumption
ranging between 201 to 300 kilowatt hours per month. The electricity
discount will be given for 3 months starting from July 2021.
For affected economy sectors (i.e. hotel operators, theme parks,
convention centers, shopping malls, offices of local travel companies
as well as travel and tourism agencies), the electricity discount will
be extended for another 3 months with 10% discount from October
2021 till December 2021.Tax & Business Advisors
Continuing the Rakyat’s Welfare Agenda:
Cash Assistance
Free Internet Data
Telecommunication services providers have agreed to extend the 1 GB
free internet data per day till 31st December 2021.
Mobile Banking Services
RM 18 million is allocated for local banks to prepare for 30 units of
mobile banking in Peninsular Malaysia, Sabah and Sarawak which will
cover 250 rural areas.
This allows multiple banking services for people living in rural areas
such as opening of bank account, deposits, withdrawal, transfer of
money, bill payments as well as digital banking.Tax & Business Advisors
Supporting the Business Sustainability
Main focus:-
Reduce costs incurred by employers
Support digitization efforts
Provides financial assistance facilities and tax incentives
Provide financing facilities
Continue employment incentivesTax & Business Advisors
Supporting the Business Sustainability
Geran Khas Prihatin (GKP)
Under PEMERKASA +, eligible recipient will receive the GKP 3.0
balance of RM 500 in mid of July 2021.
The government has agreed to provide GKP 4.0 whereby eligible
recipient will receive additional RM 500 in September 2021 and
another RM 500 in November 2021.
Those eligible recipients who have not received such grant can submit
the application in mid of July 2021.Tax & Business Advisors
Supporting the Business Sustainability
Wages Subsidy Programme (PSU) 4.0
The government has agreed to implement PSU 4.0 with an allocation of RM
3.8 billion which is expected to benefit 2.5 million workers.
Under the PSU 4.0, the maximum number of employee eligible for the subsidy
per employer is 500 employees with RM 600 per employee for a period of 4
months.
All sectors under phase two of the Pelan Pemulihan Negara (PPN) will be given
two months subsidies and sectors categorized under the negative list during
the phase three of the PPN will receive additional two months subsidies.
The condition, which wages subsidy will only be provided to employee
with monthly salary not more than RM 4,000, is removed.Tax & Business Advisors
Supporting the Business Sustainability
Exemption of HRDF Levy – RM 425 milion
Employer who is unable to operate during the PKP will be
automatically exempted from paying HRDF levy for two months.
In addition, employer from new sectors covered by the extended
Human Resources Corporation Berhad Act 2001 will be exempted from
paying HRDF levy until 31st December 2021.
PenjanaKerjaya by PERKESO
The government has provide financial incentive to employers who
provide new employment opportunities.
To date, RM 170 million has been channeled which benefitted more
than 10,600 employers and 75,800 employees.Tax & Business Advisors
Supporting the Business Sustainability
PenjanaKerjaya 3.0 by PERKESO
Since the PenjanaKerjaya incentive is ending in June 2021, the
government has agreed to extend the programme to PenjanaKerjaya
3.0 with a few enhancement.
Firstly, reduction of salary eligibility from RM 1,500 to RM 1,200 to
give more incentive for employers to replace foreign workers with
local workers.
Besides that, the employment contract period will also be relaxed
from 12 months to 6 months for employees aged 50 and above, the
disabled and ex-prisoners.Tax & Business Advisors
Supporting the Business Sustainability
One-off Cash Assistance for Tourism Sector
The government will provide one-off cash assistance of RM 3,000 to
more than 5,300 registered travel agencies in the third phase of the
PPN.
Defer Payment of Tax Instalments for Tourism Sector
The government has agreed to defer the monthly income tax
instalment for companies from tourism sector and exempt the hotel
operators from paying of tourism tax and service tax until end of this
year.Tax & Business Advisors
Supporting the Business Sustainability
Implementation of i-Citra
EPF member can make an application to withdraw up to RM 5,000 with a
fixed monthly withdrawal of RM 1,000 through i-Citra. The amount of
withdrawal will be approved based on the member’s total EPF savings.
Application can be done via portal www.icitra.kwsp.gov.my starting from
15th July 2021 with first payment is expected to be credited into
member’s account in August 2021.Tax & Business Advisors
Supporting the Business Sustainability
6 Months Loan Moratorium
6 months loan moratorium will be given to all individual borrowers
from B40, M40, T20 or micro entrepreneurs by application and the
application will be automatically approved.
Small and medium enterprise may also allow to apply for the 6 months
loan moratorium and the application is subject to bank approval.
Application is open on 7th July 2021.Tax & Business Advisors
Increase in Vaccination
Additional Incentives
RM 400 million is allocated to increase vaccine supply in the country.
The increase in supply of vaccines is aimed to start vaccination
process for 6.4 million adolescents aged 12 to 18 years. Children who
will sit for SPM exam this year will be given priority.
The government has agreed to open 29 new Vaccination Centers
(PPV), upgrade existing PPVs, implement drive-throughs PPVs, Mobile
PPVs and Home-to-Home Outreach Programs with a total allocation of
RM 200 million.
There will be an increase of allowance of RM 50 to RM 100 per day to
medical volunteers for working more than 12 hours a day starting from
June 2021. The allowance will be extended to those working in the
field other than PPV such as in quarantine centers.Tax & Business Advisors
Increase in Vaccination
Other Incentives
To promote the implementation of Program Imunisasi Industri COVID-
19 Kerjasama Awam Swasta (PIKAS) and reducing Company’s
responsibility, RM 150 million will be allocated.
The government has agreed that employers registered under HRDF
could use the remaining current levy of up to 10% for the cost of
management and purchase of COVID-19 vaccine.
The government also agreed to provide tax deduction on expenses
covering the cost of equipment and services for the provision of
PPV by employers.
In addition, tax deduction on COVID-19 contributions through
community or charitable projects is also extended to cover
contributions to PPV.Tax & Business Advisors
Disclaimer
The above information is provided
gratuitously and without liability. We shall
not be responsible or liable for any claims,
loss, damages, costs or expenses arising in
any way out of or in connection with any
person relying upon such information.You can also read
