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Tengku Zafrul tells MSMEs to use business tax cuts

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Tengku Zafrul said the tax cuts include delayed tax payments of six months up to June 30, 2022.

Referencing the 92nd People’s Financial Report, the minister said the government has announced various tax cuts.

“Apart from that, there are also extended tax cuts for renovation costs of up to RM300,000 to support the compliance of standard operating procedures such as improvement to air circulation,” he added. Meanwhile, the finance minister said the government might launch various initiatives for the people, business and the economy this week.

“The government is aware of this problem and this is in line with the National Housing Policy which stresses home ownership for the lower-income group,” Tengku Zafrul said in the financial report.

 

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