Malaysia: Measures to aid business and SMEs under the Supply Bill 2021

On 15 December 2020, Malaysia provided a sales tax exemption for the purchase of locally assembled buses by bus operators. The sales tax was reduced from 10% to 0%. However, as ...

On 15 December 2020, Malaysia adopted the Supply Bill 2021, providing sales tax exemption for the purchase of locally assembled buses. The exemption only applies to purchases done by local bus...

On 15 December 2020, Malaysia unveiled the Supply Bill 2021 providing a loan guarantee scheme called the Danajamin Guarantee Scheme (SJPD) of RM 3 billion (USD 726.7 million) for the...

On 15 December 2020, Malaysia provided RM 800 million (USD 193.8 million) in 2021 to SMEs in the form of various capacity-building programs conducted by Bank Pembangunan Malaysia and SME ...

On 15 December 2020, Malaysia provided a loan guarantee scheme of RM 2 billion (USD 484.5 million) for local entrepreneurs (Bumiputera) to support their refinancing due to the COVID-19 pandemi...

On 20 December 2020, following the announcement of Supply Bill 2021, Malaysia provided loan facilities to SMEs amounting to RM 510 million (USD 123.6 million) in total in 2021 t...

On 15 December 2020, Malaysia approved the Supply Bill 2021, giving RM 1.7 billion (USD 419.2 million) paddy crop and price subsidies to rice farmers. The paddy crop and price subsidies would be us...

On 15 December 2020, Malaysia provided RM 1.5 billion (USD 363.4 million) to companies in the form of wage subsidy in order to help them facing the impact of the COVID-19 pandemic. The wage su...