Tengku Zafrul tells MSMEs to utilise business tax cuts

Referencing the 92nd People’s Financial Report, the minister said the government has announced various tax cuts, including delayed tax payments of six months up to June 30, 2022 for micro, small and medium enterprises .

Tengku Zafrul said there are also extra tax cuts of up to RM50,000 for rental of accommodation premises for workers and delayed income tax instalment payments, amendments to tax assessment, as well as tax cuts for rental reduction and accumulated losses that were brought forward. "The government has also launched the housing loan initiative to help people own homes, especially those without a fixed income and a salary slip.

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