Highlights of Budget 2020

Features of Budget 2020:

1) Govt has repaid GST refunds amounting to RM15.9b to more than 78,000 companies, and income tax refunds of RM13.6b to 448,000 companies and 184,000 taxpayers

2) Govt to extend Youth Housing Scheme administered by Bank Simpanan Nasional from Jan 1, 2020 until Dec 31, 2021. The scheme also offers a 10% loan guarantee via Cagamas to enable borrowers to get full financing and RM200 monthly instalment assistance for the first two years, limited to 10,000 home units.

3) Govt allocates RM1 billion in investment incentives to attract Fortune 500 companies and global unicorns

4) Budget 2020 has four thrusts including boosting economic growth in new economy and digital era, investing in people.

5) Protracted trade war offers Malaysia unique opportunity to become choice destination for FDI with high added value

Counters which will move resulting the Budget 2020 - 5 Counters