On 27 March 2021, the Malaysian government issued its second stimulus package to combat the economic impact of the COVID-19 pandemic. The main tax measures are:
- Tax breaks on tourism extended till Dec. 31. In the previous stimulus package, businesses in the tourism sector were allowed to postpone income tax payments for six months, also beginning from April 1, 2020.
- The government has allowed some 750,000 SMEs to postpone the payment of income tax for three months beginning April 1, 2020.