In an effort to boost the flailing economy during the COVID-19 period, the government introduced the Economic Stimulus Package 3.0. That said, LHDN admitted that the act does not provide specific details on how the earnings from cryptocurrency transactions should be treated. From April 2020 to September 2020, landlords of business premises that offer reduction or relief on rent to SME tenants can claim a special deduction equivalent to the rental reduction amount. On 27 March 2020, I have announced an Economic Stimulus Package Prihatin Rakyat (PRIHATIN) worth RM250 billion. Economic Stimulus Package Announced by YAB Prime Minister Malaysia on 27th March 2020 36/2020A (29 Mar 2020) MITI Introduces Alternative Way to Facilitate the Endorsement of Certificate of Origin for Companies During the Movement Control Order (MCO) 35/2020A (29 Mar 2020) The freelance market in Malaysia has seen substantial growth over the past years, with many relying on technology and the boom of social media to help them earn income. I know several days ago, Mak Cik Kiah, Pak Mail, Mr. Lee, Mr. Muthu, Mr. Johnny, and many others are checking their eligibility of Bantuan Prihatin Nasional on the LHDN website. Under the Economic Stimulus Package 3.0, the government is pushing for citizens to do good unto one another and offering this incentive in exchange. This scheme was employed to help stimulate the tourism sector under the Economic Stimulus Package 2020 and has been extended till December 31, 2021.-//-Failure to declare or file your Income Tax Return Form will subject you to an RM200 – RM20,000 penalty, imprisonment, or both. Covid-19, too, has accelerated its growth as people sought out ways to cope with the salary cuts and retrenchment brought on by the pandemic. The provision clarified that tax will be charged upon the incomes that are accrued in or derived from Malaysia, or received in Malaysia from abroad.

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