Other Assistance

Brunei
Description of stimulus packageInstructions and informationContact
Assisting MSMEs to join e-commerce platforms.Assistance for Micro, Small and Medium Enterprises (MSMEs) to join e-platforms for efficient business matching. Local MSMEs that are interested to join local ecommerce platforms can access through DARe or AITI websites from 1st April 2020.Further questions can be directed to Darussalam Enterprise (DARe) at
8363442
2384830
Email: [email protected]
More information is available at: DARe
Cambodia
Description of stimulus packageInstructions and informationContact
Tax exemption (only for aviation, tourism and garment manufacturing).Businesses in tourism and garment manufacturing sector are exempted from tax until at least May 2020. Businesses are obliged to file tax-related documents at the General Department of Taxation or on its website via the e-VAT online system monthly during the tax exemption period.

MINISTRY OF COMMERCE

GENERAL DEPARTMENT OF TAXATION

Funding and support for startups and SMEs.Existing assistance schemes are available for SMEs through Khmer Enterprise.

SMEs and startups may contact Khmer Enterprise for support at
023 900 855
Email: [email protected]

Indonesia
Description of stimulus packageInstructions and informationContact
Reduction of corporate income tax.Businesses in selected manufacturing industries and affected sectors will get 30% reduction in corporate income tax until 30 September 2020.MINISTRY OF FINANCE
3-months electricity relief.Households and SMEs which uses up to 450 VA will not pay any electricity bill for the month of April, May, and June. For up to 900 Kwh, the government will subsidize 50% of the bill for the month of April, May, and June.Automatically done through PLN (state electricity company).
Decrease of PPh 25 tax.The rate of PPh 25 tax of 25% is decreased to 22%.JDIH
Lao PDR
Description of stimulus packageInstructions and informationContact
Tax exemption.All SMEs will be exempted from income tax for 3 months.MINISTRY OF INDUSTRY AND COMMERCE
Malaysia
Description of stimulus packageInstructions and informationContact
Reduction in foreign workers levy.Levy on foreign workers will be reduced by 25% to all companies with work permits that will expire in the period of 1 April to 31 December 2020.PRIME MINISTER'S OFFICE OF MALAYSIA OFFICIAL WEBSITE
Extension of income tax estimates and deferment of tax payment (CP204).Extension of time given to all income tax estimate submisson will be provided until 32 May 2020. All SMEs will be eligible for deferment of CP204 payment for 3 months beginning April 2020 until June 2020. Companies in the tourism industry are eligible for deferment of CP204 payment for 6 months beginning April 2020 until September 2020. Deferment of CP204 payment will be given automatically to all SMEs based on IRBM’s record. LHDN MALAYSIA
Electricity bill discounts.A 2% discount is automatically given to all electricity users registered with TNB under the Trade category. 6 selected business sectors are identified by the Government for a 15% discount. They are hotel operators, tourism, office of local airlines, shopping complex, convention center and theme parks. TENAGA NASIONAL BERHAD
Human resources development (HRD) levy exemption.HRDF registered employers from 63 sub-sectors are exempted from paying the mandatory Human Resources Development (HRD) levy under the Pembangunan Sumber Manusia Berhad Act 2001 (Act 612) for 6 months. The levy exemption will come into effect from 15 April 2020 to 15 September 2020. HUMAN RESOURCES DEVELOPMENT FUND
Bank Negara MalaysiaBank Negara Malaysia is enhancing existing financing facilites under the BNM’s Fund for SMEs by increasing the allocation of an additional RM4.0 billion to RM13.1 billion. BANK NEGARA MALAYSIA
Myanmar
Description of stimulus packageInstructions and informationContact
No information available at this time.
Philippines
Description of stimulus packageInstructions and informationContact
No information available at this time.
Singapore
Description of stimulus packageInstructions and informationContact
Deferment of income tax payment.All companies with corporate income tax payments due in the months of April, May, and June 2020 will be granted an automatic three-month deferment of these payments. The deferred payments will be collected in July, August, and September 2020 respectively.MINISTRY OF FINANCE
Rental waivers.Tenants in government owned or managed non-residential facilities will qualify for 1 month to 3 months of rental waivers.SINGAPORE BUDGET
Waiver of foreign workers levy in March.Employers will be provided with a Foreign Worker Levy Rebate of $750 for each work permit or S pass holder, based on previous levies paid in 2020.MINISTRY OF MANPOWER
Multichannel E-commerce Platform (MEP) Programme.The MEP Programme connects SMEs to MEP solution providers that assist SMEs to list and sell on multiple overseas marketplaces. Eligible SMEs who signed up for the MEP Programme from 1 April 2020 to 30 September 2020 will receive a one-time support at 90% (from 70%) of eligible programme costs for a year provided that deliverables are met. ENTERPRISE SINGAPORE
Thailand
Description of stimulus packageInstructions and informationContact
Reduction of withholding tax for businesses.Withholding taxes for businesses will be reduced to 1.5% from 3.0%. Businesses will also be offered 1.5 times tax deductions on interest rates, and three times tax deductions on wage expenses.MINISTRY OF FINANCE
Vietnam
Description of stimulus packageInstructions and informationContact
Deferment of tax and land use fee payment.Under Decree No 41/2020/NĐ-CP, businesses operating in agro-forestry-fishery, food processing, textile, garment and construction industry would enjoy the extension, besides those operating in transportation, warehouse, accommodation and catering, education, medical services and part-supply industry as well as MSMEs will be eligible for 5 months of tax deferment. This Decree takes effect on April 8, 2020.MINISTRY OF JUSTICE
India
Description of stimulus packageInstructions and informationContact
Extended dates for GST filing.Government has extended dates for GST filings through Form GSTR-3B and Form GSTR-1. There will be no interest, penalty, or late fee will be charged on the late GST return filing for companies showing less than INR 50 million (US$657,400) turnover.

INDIAN GOODS AND SERVICES TAX

INDIA PRESS INFORMATION BUREAU

Extension of export obligation and import validity period.Where the export/import validity period has either expired or is expiring between 1st February, 2020 to 31st July, 2020, the validity period has been extended for further six months from the date of expiry. INDIA PRESS INFORMATION BUREAU
Income Tax relief.The pending income tax refunds to charitable trusts and non-corporate businesses and professions including proprietorship, partnership and LLPs and cooperatives shall be issued immediately by the Government. INDIA PRESS INFORMATION BUREAU
MSME receivables from Government.MSME receivables from Government and CPSEs to be released in 45 days. INDIA PRESS INFORMATION BUREAU
Global tendors up to Rs 200 crore will be disallowed.To support Make In India and MSMEs to gain more opportunities, government procurement tenders up to Rs 200 crore will only be opened to local MSMEs.INDIA PRESS INFORMATION BUREAU
E-market linkage.The Government will provide an e-market linkage for MSMEs that will replace trade fairs etc.INDIA PRESS INFORMATION BUREAU
Japan
Description of stimulus packageInstructions and informationContact
Tax grace system (draft).Businesses affected by the coronavirus will be given 1 year tax grace period.MINISTRY OF FINANCE
Australia
Description of stimulus packageInstructions and informationContact
Increasing the instant asset write-off (IAWO) threshold.The Government is increasing the instant asset write-off (IAWO) threshold from A$30,000 to A$150,000 and expanding access to include all businesses with aggregated annual turnover of less than A$500 million (up
from A$50 million) until 30 June 2020. Businesses will be able to immediately deduct purchases of eligible assets each costing less than $150,000.
AUSTRALIA TREASURY
New Zealand
Description of stimulus packageInstructions and informationContact
Business cash flow and tax measures.Provisional tax threshold was increased from $2,500 to $5,000 from fiscal year 2020/2021. Small asset depreciation threshold was also raised from $500 to $1,000 — and to $5,000 for the 2020/21 tax year. Penalties for late payment of taxes due to the impact of Covid-19 will also be waived.INLAND REVENUE
Canada
Description of stimulus packageInstructions and informationContact
No information available at the time of last update.
China
Description of stimulus packageInstructions and informationContact
No information available at the time of last update.