PERMAI (“Perlindungan Ekonomi & Rakyat Malaysia”) Assistance Package

The Prime Minister announced the PERMAI Assistance Package valued at RM15 billion on 18 January 2021. A total of 22 initiatives will be implemented under the PERMAI Assistance Package, anchoring on three main objectives as follows –

• Combatting the COVID-19 outbreak
• Safeguarding the welfare of the people
• Supporting the business community

Prior to the PERMAI Assistance Package, the Government had unveiled various economic stimulus packages to alleviate the ill-effects of the Covid-19 pandemic such as Prihatin, Prihatin Plus, Penjana and KITA Prihatin totaling RM305 billion. Further allocations were also announced in Budget 2021 in relation to Covid-19.

Below are a select few of the highlights and tax initiatives under the PERMAI Assistance Package, which essentially enhances or extends previous measures announced –

Further details will follow as and when they are made available.