On 1 April 2020, the Inland Revenue Board of Malaysia (LHDNM) released further details on Bantuan Prihatin Nasional (BPN), a one-off cash assistance with an allocation of RM10 billion which, for the first time, will include the M40 group as one of its recipients. Those eligible for the incentive will include employees in the private sector, FELDA settlers, farmers, fishermen, small traders and those categorised in the M40 group and below.

To assist with easier understanding of the incentive provided by the Government to ease the economic burden of the Nation, we have compiled some FAQs on BPN.

Please click here for the FAQs and here for the Press Release Statement by the Inland Revenue Board of Malaysia.

For more insight into this area of law, please contact our Partner in the Tax Practice Group:
Feruz Anwar Seth