what are the advantages of these incentives?

 how each of these incentives will effect the SMEs in the future ?

is these incentives will assist the SMEs to get through during this difficult period?

The implementation of Movement Control Orders (MCO) resulting from the COVID-19 pandemic has severely impacted the small and medium enterprises (SMEs). While some have temporarily closed their operations, others might have to cease their operation permanently. In response to that, in the recent 2022 budget, the Malaysia government has announced several incentives to help the SMEs to recover and build resilience SUCH AS:

Extending the special TAX break for reducing the cost of renting a company space.

Revisions to anticipated TAX payable including deferral of income TAX installments payouts for MSMEs.

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The advantages of these incentives include 1 Reduced Operating Costs Extending the special tax break ... View the full answer