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Program Strategik Memperkasa Rakyat & Ekonomi Tambahan – PEMERKASA
Market Info
By Dato’ Seri Dr Raymond Liew, Entrepreneur Tax Advisor & President of McMillan Woods, a global business advisory network
T
he economic aid comprises of three objectives: increasing public healthcare capacity, continuing the welfare agenda of the people and supporting business continuity.
On 31 May 2021, the government announced RM40 billion in economic aid known as Program Strategik Memperkasa Rakyat & Ekonomi Tambahan (Pemerkasa Plus) to assist the people as well as to deal with the economic consequences of the twoweek total lockdown, which began on 1 June 2021.
In addition, this package will also provide support to the healthcare industry during the next phase of the Movement Control Order known as MCO 3.0 to effectively combat the COVID-19 epidemic and maintain the nation’s healthcare system.
1. RM450 mil allocation to increase bed and ICU capacity for hospitals.
2. RM550mil to support COVID-19 related expenses by various agencies, including medicines, reagents, and contract workers’ appointments.
3. Increasing the service period for more than 14,000 contract medical officers and nurses until 2022. Reappoint over 500 healthcare personnel due to retire this year.
1. Households earning below RM2,500 will receive RM500. Households earning between RM2,501 and RM5,000, will receive RM300. Malaysians who are single will get RM100.
2. All B40 Groups, those who lost their jobs as well as smallmedium enterprises which are not allowed to operate during the Movement Control Order, are given the option of automatic approval of bank moratorium for three months or a 50% reduction in loan repayment for six months.
3. Bus and Taxi Hire Purchase Rehabilitation Scheme to allow eligible bus and taxi operators to get a loan moratorium of up to 12 months and extend the loan period up to 36 months.
4. A 30% discount on the rental of business premises will be given for the month of May to July 2021 for MARA entrepreneurs affected by the economic closure.
30%
OBJECTIVE 3: SUPPORTING BUSINESS CONTINUITY
1. Extra RM500 payout for the Prihatin Special Grant (GKP), bumping up the total payout to RM1,500.
2. Businesses to get microcredit for working capital, with financing rates as low as 3%.
3. Extra RM2 bil in the Targeted Relief and Recovery Facility for affected SMEs. 5. RM1.5 billion for the Wage Subsidy Programme under SOCSO for all affected economic sectors, with a limit of 500 employees per application.
6. Employers registered with Pembangunan Sumber Manusia Berhad will be given a levy payment exemption for one month in June 2021.
STORE
OPEN 4. One-off aid of RM500 to tourist drivers, taxi drivers, bus drivers and e-hailing drivers. 7. Special tax cuts to owners of premises who offer at least 30% rental discounts for six more months until 31 December 2021.
5. Inland Revenue Board (IRB) to consider postponing penalties to year 2022.
6. Extension of electricity bill discounts to affected sectors. Hoteliers, tourist agencies, shopping malls, convention centres, theme parks, local airlines can receive 10% electricity discounts for three more months from July to September. 8. The Home Ownership Campaign (HOC), which ended May 31, has been extended to 31 December 2021.
9. The Sales and Services Tax (SST) exemption for imported passenger vehicles has been extended to 31 December 2021.
Extended
Tax 30%
