- Wage Subsidy for Employee Monthly Salary not more than RM4,000
1 – 75 employees | RM1,200 per employee |
76 – 200 employees | RM800 per employee |
> 200 employees | RM600 per employee |
- Period: 3 months
- Conditions:
- Registered with SSM or other local authorities and Perkeso before 1 January 2020
- Shall retain employees for 6 months (3 months while receiving the subsidy and 3 months afterwards)
- Government suggest private premises owners to reduce their rental rates at least during the MCO period and 3 months after the MCO ends.
- Owners of buildings or business spaces that provide rentals or leases to renters of business premises consisting of small and medium enterprises will be given an additional tax deduction equal to the amount of the rent reduction for April 2020 to June 2020.
- These additional tax deductions are subject to the terms of the deduction rent, which should be at least 30% of the original rental rate for that period
- Government allow a 25% reduction in foreign workers' levy payments to all companies whose work permit expires April 1 to December 31, 2020
- Government has agreed to encourage mutual agreement between employers and workers on the terms of employment, including the option of pay cuts and the provision of unpaid leave during the MCO period
- Government has agreed to grant a moratorium automatically within 30 days of the MCO last date for the company to submit a statutory document to SSM.
- The filing period of the company's financial statements was also extended to 3 months from the date of the MCO. This flexibility is given to companies with financial years ending September 30 to December 31, 2019. However, the company will need to apply for such extension from SSM without charges
