RSM Malaysia

COVID-19

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Deadline updates under CMCO (Latest updated: 18 May 2020)

20 May 2020
Deadline updates under Conditional Movement Control Order (CMCO) 

Penalties for late payment of taxes which fall during the Movement Control Order (MCO) period

13 May 2020
Penalties for late payment of taxes which fall during the Movement Control Order (MCO) period

(UPDATED) Extended Office Closure: Movement Control Order further extended until May 12, 2020

28 April 2020
Malaysia’s movement control order (MCO) has once again been extended by another 14 days, until May 12, 2020

Business Survival Mode During Covid-19 Crisis

27 April 2020
How to read our financial statement for survival during Covid-19 crises?

Corporate Restructuring and Rescue Options for Companies

20 April 2020
Many companies and businesses are facing solvency crisis following the Covid-19 pandemic. What corporate rescue options do companies have under the Companies Act, 2016? 

Tax implications for employers amidst COVID-19

15 April 2020
The adverse impact of COVID-19 to businesses has been severe in most cases. This has forced employers to seek for alternatives to how they manage their human resources. We share some thoughts on the tax implications for some of the possible scenarios.

(UPDATED) Extended Office Closure: Malaysia’s Movement Control Order further extended until April 28, 2020

14 April 2020
RSM Malaysia’s office premises will remain closed till 28 April 2020 (Tuesday) in compliance with the extension to the Movement Control Order.

Application for Employment Retention Program “ERP” and /or Wages Subsidy Program “WSP”

14 April 2020
The Malaysian government’s Economic Stimulus Package includes 2 assistance programs designed to sustain employment i.e. Employment Retention Program “ERP” and Wages Subsidy Program “WSP” which were announced on 16th March and 6th April respectively.

PRIHATIN - Tax related measures and measures to aid SMEs amidst COVID-19

10 April 2020
As COVID-19 has heavily impacted the Malaysian economy and the wellbeing of its people, the Government of Malaysia has been announcing a slew of measures to aid the people and businesses to make it through this trying time. We highlight below the tax-related measures and measures particularly to aid Small and Medium-sized Enterprises that have been announced so far

BNM’s RM3.3 billion fund to Assist SMEs affected by COVID-19 Outbreak

21 March 2020
Bank Negara Malaysia (BNM) has allocated a total fund of RM3.3 billion under the Economic Stimulus Package 2020 (PRE 2020) to assist small and medium enterprises (SMEs) sustain their business operations and employment, as well as boost domestic investment.