The Prime Minister, Tan Sri Muhyiddin Yassin announced additional PRIHATIN SME Economic Stimulus Package (PRIHATIN SME+) on 6 April 2020, nine days after the announcement of the second ESP for Malaysia. The additional PRIHATIN package focus on easing the financial burden faced by SMEs caused by the Covid-19 pandemic and to secure the employment of its employee.

It includes measures to:

• Reduce SME cash-flow burdens
• Reduce business commitment rates
• Secure employments
• Easing business requirements

The summaries below provide a good overview of the additional PRIHATIN package:

1. PwC TaXavvy, Issues 21-2020 | PRIHATIN Rakyat Economic Stimulus Package {“PRIHATIN Tambahan”)
2. EY Tax Alert (Special Edition) | Additional Stimulus Measures Announced, Mainly for SMEs
3. Wong & Partners, Client Alert | Additional Measures Under the Prihatin Economic Stimulus Package (PRIHATIN) Tailored for SMEs
4. KPMG Tax Whiz | Additional PRIHATIN Package Highlights

Full speech of the additional PRIHATIN package is available here.

Summaries and full speech of the second ESP are available here.

Photo by Andrew Neel on Unsplash.