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PERMAI Economic Stimulus Plan

๐๐„๐‘๐Œ๐€๐ˆ ๐€๐ฌ๐ฌ๐ข๐ฌ๐ญ๐š๐ง๐œ๐ž ๐๐š๐œ๐ค๐š๐ ๐ž

 

Prime Minister Tan Sri Muhyiddin Yassin has unveiled PERMAI, the fifth economic stimulus package to date.

 

Let’s take a look on its details:

 

๐ˆ๐ฆ๐ฉ๐ฅ๐ž๐ฆ๐ž๐ง๐ญ๐ข๐ง๐  ๐ญ๐ก๐ž ๐‚๐Ž๐•๐ˆ๐ƒ-๐Ÿ๐Ÿ— ๐•๐š๐œ๐œ๐ข๐ง๐š๐ญ๐ข๐จ๐ง ๐๐ซ๐จ๐ ๐ซ๐š๐ฆ๐ฆ๐ž

  • The first batch will be vaccinated by early March 2021, and the vaccination programme will be implemented in phases over a period of 12 months.

 

  • Government will recruit an ๐š๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐Ÿ‘,๐Ÿ“๐ŸŽ๐ŸŽ ๐ก๐ž๐š๐ฅ๐ญ๐ก๐œ๐š๐ซ๐ž ๐ฉ๐ž๐ซ๐ฌ๐จ๐ง๐ง๐ž๐ฅ who will start working at the end of January 2021.

 

  • As announced during Budget 2021, the ๐Ž๐๐„-๐Ž๐…๐… ๐ฉ๐ซ๐จ๐ฏ๐ข๐ฌ๐ข๐จ๐ง ๐จ๐Ÿ ๐‘๐Œ๐Ÿ“๐ŸŽ๐ŸŽ to healthcare frontliners and ๐‘๐Œ๐Ÿ‘๐ŸŽ๐ŸŽ ๐ญ๐จ ๐จ๐ญ๐ก๐ž๐ซ ๐Ÿ๐ซ๐จ๐ง๐ญ๐ฅ๐ข๐ง๐ž๐ซ๐ฌ will be ๐ฉ๐š๐ข๐ ๐ข๐ง ๐ญ๐ก๐ž ๐Ÿ๐ข๐ซ๐ฌ๐ญ ๐ช๐ฎ๐š๐ซ๐ญ๐ž๐ซ ๐จ๐Ÿ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ.

 

  • Private hospitals have agreed to receive and treat both COVID-19 and non-COVID-19 patients.

 

  • ๐“๐ก๐ž ๐œ๐จ๐ฌ๐ญ ๐จ๐Ÿ ๐‚๐Ž๐•๐ˆ๐ƒ ๐ฌ๐œ๐ซ๐ž๐ž๐ง๐ข๐ง๐  ๐ฐ๐ข๐ฅ๐ฅ ๐›๐ž ๐›๐จ๐ซ๐ง๐ž ๐Ÿ๐ฎ๐ฅ๐ฅ๐ฒ ๐›๐ฒ ๐’๐Ž๐‚๐’๐Ž if the foreign worker in red zones who registered under SOCSO.

 

  • The scope for RM1000 tax relief relating to full health screening expenses has now been expanded to also cover COVID-19 screening.

๐๐ก๐š๐ฌ๐ž ๐จ๐ง๐ž ๐จ๐Ÿ ๐๐š๐ง๐ญ๐ฎ๐š๐ง ๐๐ซ๐ข๐ก๐š๐ญ๐ข๐ง ๐‘๐š๐ค๐ฒ๐š๐ญ (๐๐๐‘):

  • Household Earning <RM5,000: RM300
  • Single Category Earning <RM2,000: RM150
  • Implementation a ๐…๐จ๐จ๐ ๐๐š๐ฌ๐ค๐ž๐ญ ๐๐ซ๐จ๐ ๐ซ๐š๐ฆ which will provide essential food items worth RM100 for each eligible household.

 

  • ๐’๐ฉ๐ž๐œ๐ข๐š๐ฅ ๐ญ๐š๐ฑ ๐ซ๐ž๐ฅ๐ข๐ž๐Ÿ ๐จ๐Ÿ ๐ฎ๐ฉ ๐ญ๐จ ๐‘๐Œ๐Ÿ,๐Ÿ“๐ŸŽ๐ŸŽ on the purchase of mobile phones, computers and tablets which expired on 31 December 2020, ๐ฐ๐ข๐ฅ๐ฅ ๐›๐ž ๐ž๐ฑ๐ญ๐ž๐ง๐๐ž๐ ๐Ÿ๐จ๐ซ ๐š๐ง๐จ๐ญ๐ก๐ž๐ซ ๐ฒ๐ž๐š๐ซ ๐ฎ๐ง๐ญ๐ข๐ฅ ๐ญ๐ก๐ž ๐ž๐ง๐ ๐จ๐Ÿ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ.

 

  • The provision of ๐Ÿ๐ซ๐ž๐ž ๐Ÿ ๐†๐ข๐ ๐š๐›๐ข๐ญ ๐๐š๐ญ๐š will be extended until the end of April 2021.

 

  • ๐’๐š๐ฅ๐ž๐ฌ ๐ญ๐š๐ฑ ๐ž๐ฑ๐ž๐ฆ๐ฉ๐ญ๐ข๐จ๐ง for locally assembled (100% exempted) and imported passenger (50% exempted) vehicles will ๐›๐ž ๐ž๐ฑ๐ญ๐ž๐ง๐๐ž๐ ๐ฎ๐ง๐ญ๐ข๐ฅ ๐Ÿ‘๐ŸŽ ๐‰๐ฎ๐ง๐ž ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ.

 

  • PTPTN borrowers who affected by the COVID-19 pandemic or floods are allowed to apply for ๐š ๐ญ๐ก๐ซ๐ž๐ž-๐ฆ๐จ๐ง๐ญ๐ก ๐๐“๐๐“๐ ๐ฅ๐จ๐š๐ง ๐ซ๐ž๐ฉ๐š๐ฒ๐ฆ๐ž๐ง๐ญ ๐ฆ๐จ๐ซ๐š๐ญ๐จ๐ซ๐ข๐ฎ๐ฆ before 31 March 2021.

 

  • ๐–๐š๐ ๐ž ๐’๐ฎ๐›๐ฌ๐ข๐๐ฒ ๐๐ซ๐จ๐ ๐ซ๐š๐ฆ ๐Ÿ‘.๐ŸŽ (๐–๐’๐๐Ÿ‘.๐ŸŽ) will be enhanced whereby ๐š๐ฅ๐ฅ ๐ž๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐ž๐ซ๐ฌ ๐จ๐ฉ๐ž๐ซ๐š๐ญ๐ข๐ง๐  ๐ข๐ง ๐ญ๐ก๐ž ๐Œ๐‚๐Ž ๐ฌ๐ญ๐š๐ญ๐ž๐ฌ ๐ฐ๐ข๐ฅ๐ฅ ๐›๐ž ๐ž๐ฅ๐ข๐ ๐ข๐›๐ฅ๐ž ๐ญ๐จ ๐š๐ฉ๐ฉ๐ฅ๐ฒ.

 

  • Eligible employers will receive a wage subsidy of RM600 for each of their employee earning less than RM4,000, ๐ฆ๐š๐ฑ๐ข๐ฆ๐ฎ๐ฆ ๐Ÿ“๐ŸŽ๐ŸŽ ๐ž๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐ž๐ž๐ฌ.

 

  • For those who suffered loss of employment during the MCO are now eligible to apply for the ๐„๐ˆ๐’ ๐š๐ฌ๐ฌ๐ข๐ฌ๐ญ๐š๐ง๐œ๐ž ๐จ๐Ÿ ๐Ÿ‘๐ŸŽ% ๐จ๐Ÿ ๐ญ๐ก๐ž๐ข๐ซ ๐ฆ๐จ๐ง๐ญ๐ก๐ฅ๐ฒ ๐ฌ๐š๐ฅ๐š๐ซ๐ฒ for a period of 3 months.

๐๐ซ๐ข๐ก๐š๐ญ๐ข๐ง ๐’๐ฉ๐ž๐œ๐ข๐š๐ฅ ๐†๐ซ๐š๐ง๐ญ ๐๐ฅ๐ฎ๐ฌ (๐†๐Š๐)

  • Traders and hawkers in Sabah: RM 1000
  • SMEs in the MCO states: RM 1000
  • SMEs in other states: RM 500
  • ๐Ž๐ง๐ž-๐จ๐Ÿ๐Ÿ ๐Ÿ๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐š๐ฌ๐ฌ๐ข๐ฌ๐ญ๐š๐ง๐œ๐ž ๐จ๐Ÿ ๐‘๐Œ๐Ÿ“๐ŸŽ๐ŸŽ to tourist guides and drivers of taxis, school buses, tour buses, rental cars and e-hailing vehicles.

 

  • Special deduction period for rental deduction will be extended until 30 June 2021.

๐’๐ฉ๐ž๐œ๐ข๐š๐ฅ ๐๐ข๐ฌ๐œ๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ž๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ๐ข๐ญ๐ฒ ๐›๐ข๐ฅ๐ฅ๐ฌ:

  • Specific sectors: 10% (January to March 2021)
  • Domestic and non-domestic: at a rate of RM 0.02 per kilowatt-hour (January to June 2021)
  • ๐ƒ๐จ๐ง๐จ๐ซ๐ฌ ๐ฐ๐ก๐จ ๐ก๐š๐ฏ๐ž ๐›๐ž๐ž๐ง ๐š๐ฌ๐ฌ๐ข๐ฌ๐ญ๐ข๐ง๐  ๐ข๐ง ๐œ๐š๐ฌ๐ก ๐š๐ง๐ ๐ค๐ข๐ง๐ are eligible for a ๐ญ๐š๐ฑ ๐๐ž๐๐ฎ๐œ๐ญ๐ข๐จ๐ง based on their gross business income or aggregate income.

 

  • Allocation of RM200 million for ๐ซ๐ž๐ฉ๐š๐ข๐ซ๐ข๐ง๐  ๐ข๐ง๐Ÿ๐ซ๐š๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ฎ๐ซ๐ž ๐๐š๐ฆ๐š๐ ๐ž๐ ๐›๐ฒ ๐Ÿ๐ฅ๐จ๐จ๐๐ฌ across the nation.

 

  • Allocation of RM300 million for implementation of the ๐’๐Œ๐„ ๐š๐ง๐ ๐Œ๐ข๐œ๐ซ๐จ ๐’๐Œ๐„ ๐ž-๐‚๐จ๐ฆ๐ฆ๐ž๐ซ๐œ๐ž ๐‚๐š๐ฆ๐ฉ๐š๐ข๐ ๐ง ๐š๐ง๐ ๐’๐ก๐จ๐ฉ ๐Œ๐š๐ฅ๐š๐ฒ๐ฌ๐ข๐š ๐Ž๐ง๐ฅ๐ข๐ง๐ž ๐œ๐š๐ฆ๐ฉ๐š๐ข๐ ๐ง