Malaysia's Prime Minister has announced an MYR 20 billion package to support recovery from the COVID-19 pandemic, the Strategic Programme to Empower the People and Economy, or PEMERKASA. The main tax measures of the PEMERKASA package as noted in the Prime Minister's speech are focused on revitalizing the tourism and retail sectors, including:
- Extending the tourism tax and service tax exemptions on accommodation services provided by hotel and similar operators until 31 December 2021;
- Extend…