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  • COVID-19 Crisis Hub

    BDO are constantly monitoring the situation as it unfolds, ready to provide you with the guidance you need during this period of uncertainty.

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Message from our Regional Senior Partner (ASEAN) and Managing Partner

This year has been the most challenging of all for Malaysia compared with the previous years due to two major developments which occurred in close succession in the first quarter of 2020. The first being the unprecedented change of government in February.

Then in early March, the country experienced a rising number of Covid-19 positive cases leading to the Movement Control Order (MCO) which was enforced from 18 March to 31 March 2020. On 25 March 2020, another announcement was released on the extension of the MCO for another 14 days from 31 March until 14 April 2020. The MCO only allows essential services such as banking, food retailers and a specific list of other industries to be in operation. All other businesses are required to close their premises to curb the spread of the Covid-19 virus.

Nevertheless, I wish to assure you that BDO in Malaysia has put in place various measures to continue providing you the best service in this unusual circumstance. Our communication lines remain open and we continue to be in contact with our current and future clients via digital platforms.

In such a volatile economic environment, it is even more crucial for businesses to implement financially wise strategic measures immediately. BDO is ever ready to assist you to the best of our capacity by helping you navigate these changes.
 


Read our insight articles below to find out more on COVID-19 related matters. 

Key Contacts


 

DATO' GAN AH TEE

Regional Senior Partner (ASEAN) and Managing Partner
BDO Kuala Lumpur
+603 2616 2821
[email protected]
 

Our approach to managing the Covid-19 pandemic

Our Approach

How we can help your business

Our Services

TAX CONSIDERATIONS

All you need to know following the updates by our government.

National Economic Recovery Plan (NERP)

The Malaysian government has steered the country through the challenges of the Covid-19 global pandemic focusing on a 6 step plan: Resolve, Resilience, Restart, Recovery, Revitalize and Reform.

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NERP Updates

Further updates as at 30 June 2020

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Enhanced Wage Subsidy Programme

Our summary of the WSP and some common questions and responses from SOCSO based on information currently available

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Employment Retention Programme

A government initiative to provide financial assistance to employees taking unpaid leave, we have outlined the conditions and application process here.

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29 Feb 2020: Economic Stimulus Package

“Bolstering Confidence, Stimulating Growth and Protecting Jobs.”

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28 Mar 2020: Second Economic Stimulus Package

Malaysia’s Prime Minister has announced a Second Economic Stimulus Package amounting to RM250 billion in order to combat the ongoing challenges brought about by the COVID-19 pandemic.

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6 Apr 2020: Special Stimulus Package for SMEs

The Malaysian Government has been alerted that SMEs will be severely affected by the COVID-19 pandemic and therefore require urgent additional assistance.

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24 Mar 2020: IRB and RMCD Announcement

Following the implementation of the MCO by the Malaysian Government, the IRB and the RMCD have issued a media statement and statement of announcement respectively...

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26 Mar 2020: IRB Update to FAQ

The IRB has issued an updated FAQ on tax matters during the MCO period following the announcement of the extension from 31 March to 14 April 2020.

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3 April 2020: IRB Update

The IRB has issued updates to FAQ, tax measures contained in Second ESP (27 Mar 2020), updates on IRB’s operations and concession on the remittance of tax instalment payments.

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