|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Brunei Darussalam||05||05 - Health and income support||BND||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 14 April 2020).||
(i) All bank fees and charges (except third party charges) that are related to trade and payments of transactions in affected sectors mentioned in Measure 3 will be waived for a period of six months; and (ii) No amount/estimate: Effective April 1 for six months, an interim fiscal package has been deployed to support SMEs and self-employed groups in sectors such as tourism, hospitality, transport and restaurants. The fiscal measures include amongst others, the deferment of payments on Employees Trust Fund (TAP) and Supplementary Contributory Pension (SCP) contributions, discounts on corporate income taxes, rents and utilities.
|Brunei Darussalam||05A||05A - Health support||BND|
|Brunei Darussalam||05B||05B - Income support||BND|
|Cambodia||05||05 - Health and income support||KHR||243,346,363,636||60,000,000|
|Cambodia||05A||05A - Health support||KHR||243,346,363,636||60,000,000||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 6 May 2020).||
April, Additional fiscal resources to the health sector of around USD60 million (around 0.2% of GDP) are expected.
|Cambodia||05B||05B - Income support||KHR||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 6 May 2020).||
No amount/estimate: April, The government has announced a package of (i) tax concessions, (ii) expenditure support, (iii) credit support, and (iv) income support to temporarily laid-off garment workers (See Measure 9: No breakdown).
|European Central Bank||05||05 - Health and income support||EUR|
|European Central Bank||05A||05A - Health support||EUR|
|European Central Bank||05B||05B - Income support||EUR|
|European Union||05||05 - Health and income support||EUR||216,059,000,000||239,003,318,584|
|European Union||05A||05A - Health support||EUR||3,880,000,000||4,292,035,398||OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 15 April 2020).||
(i) EUR800 million of the EU Solidarity Fund will be available by including a public health crisis within its scope, with a view of mobilizing it if needed for the hardest-hit EU member states; (ii) 19 March, the Commission decided to create a European civil protection stockpile of medical equipment (initial budget of EUR50 million, proposed to increase to EUR80 million) with a 90% Commission grant; (iii) 2 April, the Commission presented legislative proposals for an Emergency Support Instrument for the healthcare sector, (EUR3 billion from the EU budget).
|European Union||05B||05B - Income support||EUR||212,179,000,000||234,711,283,186||OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 15 April 2020); EC. https://ec.europa.eu/regional_policy/en/newsroom/news/2020/01/14-01-2020-financing-the-green-transition-the-european-green-deal-investment-plan-and-just-transition-mechanism (accessed 19 April 2020).||
(i) Mobilised European Globalisation Adjustment Fund to support dismissed workers and those self-employed (up to EUR179 million available in 2020); (ii) EUR100 billion to finance the short-term unemployment mechanisms through the loans provided by the EU Commision to EU member states (SURE mechanism) backed by EUR 25 billion of guarantees voluntarily committed by Member States to the EU budget. ; (iii) no amount/estimate: March 19, EU Comission intends to allow State aid for struggling businesses and enable Member States to use the full flexibility foreseen under State aid rules; (iv) March, EUR37 billion unallocated funds of cohesion policy funding 2014-2020 will be eligible for Coronavirus crisis related expenditure within the Corona Response Investment Initiative. Member States can use them to support public investment for hospitals, SMEs, labor markets, and stressed regions. The Coronavirus Response Investment Initiative Plus (CRII+), proposed on 2 April, complements the CRII by further enhancing flexibility in the use of cohesion funds. This enhanced flexibility is inter alia provided through transfer possibilities across the three cohesion policy funds (the European Regional Development Fund, European Social Fund and Cohesion Fund), transfers between the different categories of regions (e.g. less vs more developed), flexibility regarding thematic concentration, the possibility for a 100% EU co-financing rate for the accounting year 2020-2021, and simplified procedural steps; (v) European Green Deal investments will remain a priority as part of the EU's efforts to kickstart its economy post-crisis. One of its three sources of funding is a grant, the A Just Transition Fund, which will receive EUR7.5 billion of fresh EU funds. In order to tap into their share of the Fund, Member States will, in dialogue with the Commission, have to identify the eligible territories through dedicated territorial just transition plans. They will also have to commit to match each euro from the Just Transition Fund with money from the European Regional Development Fund and the European Social Fund Plus and provide additional national resources. Taken together, this will provide between EUR30 and EUR50 billion of funding. It will, for example, support workers to develop skills and competences for the job market of the future and help SMEs, start-ups and incubators to create new economic opportunities in these regions. It will also support investments in the clean energy transition, for example in energy efficiency. Another source of funds for this initiative is a public sector loan facility with the European Investment Bank backed by the EU budget to mobilise between EUR25 and EUR30 billion of investments. It will be used for loans to the public sector, for instance for investments in district heating networks and renovation of buildings.
|Indonesia||05||05 - Health and income support||IDR||288,200,000,000,000||18,967,297,380||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 28 April 2020).||
In addition to the first two fiscal packages amounting to IDR33.2 trillion (0.2% of GDP), the government announced a major stimulus package of IDR405 trillion (2.6% of GDP) on March 31, 2020, including IDR255 trillion (1.6% of GDP) in additional spending and tax reliefs. The stimulus packages comprise (i) support to the health care sector to boost testing and treatment capability for COVID-19 cases, (ii) increased benefits and broader coverage of existing social assistance schemes to low-income households such as food aid, conditional cash transfers, and electricity subsidy, (iii) expanded unemployment benefits, including for workers in the informal sector, (iv) tax reliefs, including for the tourism sector and individuals (with an income ceiling), and (v) permanent reductions of the corporate income tax rate from 25% to 22% in 2020−21 and 20% starting in 2022.
|Indonesia||05A||05A - Health support||IDR||OECD. http://www.oecd.org/coronavirus/en/ (accessed 5 May 2020).||
(i) March 31, Under the third fiscal package, authorities announced an additional IDR75 trillion for healthcare; (ii) March 13, The second fiscal package includes incentives for medical staff dealing with covid-19 (IDR 15 million to medical specialists, IDR 10 million to physicians and dentists, IDR 7.5 million to nurses and IDR 5 million to other medical staff members; IDR 300 million in case of death of a medical worker) for a budget of IDR 6.1 trillion.
|Indonesia||05B||05B - Income support||IDR||OECD. http://www.oecd.org/coronavirus/en/ (accessed 5 May 2020).||
No amount/estimate: The government announced plans to reduce the number of restricted import goods by up to 50 percent on steel producers, and their derivatives, strategic food products (manufacturing industry inputs); horticultural commodities; animals & animal products; medicine, medicinal ingredients food.
|Lao PDR||05||05 - Health and income support||LAK||70,000,000,000||7,869,126|
|Lao PDR||05A||05A - Health support||LAK||30,000,000,000||3,372,483||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 12 April 2020, 1 May 2020).||
April, LAK10 billion has been allocated for prevention and control. May, The amount allocated increased to LAK30 billion.
|Lao PDR||05B||05B - Income support||LAK||40,000,000,000||4,496,644||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 12 April 2020, 7 May 2020).||
No amount/estimate: April, Recent mitigation policies include (i) income tax exemption for both civil servants and employees of the private sector with income less than LAK5 million per month for 3 months, (ii) profit tax exemption for microenterprises with annual income between LAK50–LAK400 million for 3 months, (iii) duty fee exemption for imports of goods to be used toward the outbreak, (iv) deferring tax collection from tourism-related businesses for 3 months, (v) postponing mandatory contribution to social security by affected businesses for 3 months, and (vi) extending the submission of the 2019 financial report (annual tax filing) by 1 month and road tax payment by 3 months; and (vii) May, The government has agreed with an allowance of LAK500,000 per worker who currently participates in the Social Security Scheme. Of the 170,000 members, close to 80,000 will benefit from this scheme through June (Note that the estimated amount is LAK40 billion) [update].
|Malaysia||05||05 - Health and income support||MYR||71,983,100,000||16,756,622,748|
|Malaysia||05A||05A - Health support||MYR||1,500,000,000||349,178,267||Prime Minister's Office of Malaysia. https://www.pmo.gov.my/wp-content/uploads/2020/04/Booklet-PRIHATIN-EN.pdf (accessed 19 April 2020); World Trade Organization (WTO). https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 19 April 2020).||
(i) No amount/estimate: March 23, Temporary elimination of import tariffs on face masks; (ii) March 27 (Prihatin package): (a) To curb the spread of COVID-19 outbreak, the Government announced an allocation of MYR500 million to the Ministry of Health (MOH). This allocation is to purchase medical apparatus such as ventilators and ICU equipment, personal protective equipment (PPE) for public medical personnel as well as laboratory requirements for testing COVID-19; and (b) The Government is also allocating an additional MYR1 billion to purchase equipment and services, which include obtaining medical expertise from private healthcare service providers to contain the outbreak; (iii) No amount/estimate: March 30, Temporary elimination of import tariffs on raw materials, undenatured ethyl alcohol and denatured ethyl alcohol used for the production of hand sanitizers. Imports also exempted from sales taxes and excise duties.
|Malaysia||05B||05B - Income support||MYR||70,483,100,000||16,407,444,481||Prime Minister's Office of Malaysia. https://www.pmo.gov.my/2020/03/speech-text-prihatin-esp/ (accessed 19 April 2020); Prime Minister's Office of Malaysia. https://www.pmo.gov.my/2020/04/langkah-tambahan-bagi-pakej-rangsangan-ekonomi-prihatin-rakyat-prihatin/ (accessed 19 April 2020); Prime Minister's Office of Malaysia. https://www.pmo.gov.my/wp-content/uploads/2020/04/Booklet-PRIHATIN-EN.pdf (accessed 19 April 2020); ASEAN Briefing. https://www.aseanbriefing.com/news/malaysia-provides-funding-smes/ (accessed 19 April 2020); Zico Law. https://www.zicolaw.com/resources/alerts/covid-19-update-extension-of-mco-and-economic-stimulus-packages/ (accessed 19 April 2020).||
(i) March 27 in PRIHATIN: (a) The Government will provide a one-off cash assistance, Bantuan Prihatin Nasional (BPN) with an allocation of MYR10 billion. Among the beneficiaries include employees in the private sector, FELDA settlers, farmers, fishermen and small traders; (b) The remaining cash transfers under the Bantuan Sara Hidup (BSH) program totaling MYR3.2 billion will be paid out in July 2020; (c) The support totaling MYR270 million is targeted for students at various levels of tertiary education; (d) The Government will work together with non-governmental organizations (NGOs) and relevant social entrepreneurs to provide food assistance, healthcare and shelters to the vulnerable groups such as senior citizens and children in shelters, the disabled, homeless and orang asal with a total allocation of MYR25 million; (e) The Government rental exemption for the Projek Perumahan Rakyat (PPR) with a cost of MYR3 million borne by the Government; (f) For the rent-to-own (RTO) units, a six-month moratorium is provided effective April until September 2020, involving 4,649 RTO units at MYR5.7 million; (g) No amount/estimate: As for Public Housing, the Kuala Lumpur City Hall will provide similar exemption which will benefit more than 40,000 tenants; (h) No amount/estimate: The Government has also approved a 6-month lease exemption on all premises owned by the Federal Government; (i) The Government with Tenaga Nasional Berhad (TNB) will increase the allocation of discount on electricity bill to MYR530 million, with the introduction of a tiered-discount system for households; (j) The Government will provide a one-off cash assistance of MYR500 to more than 1.5 million civil servants of grade 56 and below, including contract workers [The estimated amount is MYR750 million]; (k) More than 850,000 Government pensioners will be given a one-off assistance of MYR500 in April 2020 [The estimated amount is MYR425 million]; (l) The Government will allocate MYR1 billion for Food Security Fund; (m) The Government provides MYR100 million for the development of infrastructure for food storage and distribution as well as crop integration program and also allocates MYR64.4 million to viable Pertubuhan Peladang Kawasan and Pertubuhan Nelayan Kawasan. This is to develop agro-food projects that are capable of generating income within three to six months; (n) The Government will introduce Wage Subsidy Program to assist employers in retaining their workers with an allocation of MYR5.9 billion; (o) The Government will provide a one-off cash assistance of MYR500 to 120,000 e-hailing drivers with a total allocation of MYR60 million; (p) The Government has agreed to pay salaries to the workers of service contractors despite their absence during the MCO amounting to MYR110 million; (q) The Employees Provident Fund (EPF) includes options for deferring payments, restructuring and rescheduling of employers' contributions. The measure is expected to provide cashflow to employers which is estimated at MYR10 billion; (r) Exempt payment for Human Resources Development Fund (HRDF) levy across all sectors for six months beginning April 2020. This measure is expected to assist companies’ cashflow with a total savings of MYR440 million; (s) No amount/estimate: The Government, allows the postponement of income tax instalment payments to all SMEs for three months beginning April 1; (t) The Government has identified several small projects such as improving roads, upgrading dilapidated schools in Sabah and Sarawak, cleaning houses of worship and police stations as well as upgrading tourism facilities with an allocation of MYR2 billion; (u) The Government will provide a direct fiscal injection of MYR25 billion to ease the burden of rakyat and businesses; (v) The Government in collaboration with telecommunication companies will provide free internet services to all customers during MCO period starting April, amounting to MYR600 million; (ii) April 6 in PRIHATIN PLUS, The Malaysian government issued extra funding worth MYR10 billion intended to help SMEs manage their cashflow and to retain employees: (a) The wage subsidy program announced on March 27 will be expanded from MYR5.9 billion to MYR13.8 billion, an increase of MYR7.9 billion; and (b) Special PRIHATIN Grant (GKP) amounting to MYR2.1 billion will be established for eligible micro enterprises. A grant of MYR3,000 will be provided to each company, benefitting almost 700,000 micro enterprises.
|Myanmar||05||05 - Health and income support||MMK||38,300,000,000||27,318,117|
|Myanmar||05A||05A - Health support||MMK||300,000,000||213,980||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 6 May 2020); KPMG. https://home.kpmg/xx/en/home/insights/2020/04/myanmar-government-and-institution-measures-in-response-to-covid.html (accessed on 8 May 2020).||
(i) April, The allotment of MMK300 million (USD0.2 million) to the Ministry of Health and Sports for additional health-related expenditures; (ii) No amount/estimate: Waiver of the “specific goods tax,” customs duties, and commercial tax on “critical” medical supplies and products related to the prevention, control, and treatment of COVID-19.
|Myanmar||05B||05B - Income support||MMK||38,000,000,000||27,104,137||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 6 May 2020).||
No amount/estimate: April, (i) Income and commercial tax payments due in the second and third quarters of the fiscal year have been made extendable to the end of the fiscal year, and an exemption for the 2% advance income tax on exports to the end of the fiscal year has been announced; (ii) Households without a regular income will be provided for with food during the upcoming long holidays; and electric bills, for up to 150 units, are exempt for most until the end of April; (iii) The Ministry of Hotels and Tourism announced that fee for renewal license of hotels and tourism businesses will be exempted for one year up to the end of March 2021; (iv) Starting April 20, the customs department has reduced duties for businesses operating with the Myanmar Automated Cargo Clearance System; (v) The Ministry of Labour, Immigration and Population will provide 40% of the social security fees for about 1.3 million insured workers from factories and workshops that are temporarily suspended for health inspections [update]; (vi) The National Food Reserve has been allocated MMK38 billion.
|Philippines||05||05 - Health and income support||PHP||495,018,700,000||9,724,630,478|
|Philippines||05A||05A - Health support||PHP||30,572,700,000||600,599,958||Department of Finance||
(i) PHP2.9 billion purchase of medical equipment and supplies; (ii) PHP1.8 billion for 1 million personal protective equipment (PPE) sets procured by the Department of Health; (iii) PHP22.1856 billion PhilHealth medical expenses coverage for COVID-19 patients and assistance to health workers, which includes PhilHealth medical coverage, compensation for severe infection, and death benefit; (iv) PHP420.6 million for COVID-19 medical coverage; (iv) Allocation of PHP53.2 million by the Department of Science and Technology for production of test kits developed by the University of the Philippines - National Institute of Health; (vi) PHP2.7015 expedited clearance and tax and duty-exempt importations of PPE and medical goods; (vii) PHP 511.8 million compensation for private facilities used for the purpose of fighting COVID-19; (viii) Healthcare equipment and supplies exempted from import duties, taxes and other fees; and (ix) Tax exemptions for donations of cash, critical healthcare equipment, relief goods, and the use of property for fighting COVID-19.
|Philippines||05B||05B - Income support||PHP||464,446,000,000||9,124,030,520||Department of Finance||
(i) PHP205 billion emergency subsidy program for 18 million low-income families in the informal sector; (ii) PHP51 billion wage subsidy for employees of small businesses that closed during the enhanced community quarantine; (iii) PHP30 billion additional assistance to local governments to support vulnerable sectors; (iv) PHP16.5 billion for rice programs of the Department of Agriculture (DA) and Department of Trade and Industry (DTI) to boost the buffer stock; (v) PHP1.5 billion Department of Labor and Employment (DOLE) assistance for Overseas Filipino Workers; (vi) PHP2 billion DOLE cash assistance program for displaced workers; (vii) PHP1.2 billion Social Security System assistance to cover unemployment benefits; (viii) PHP3 billion for Technical Education and Skills Development Authority online programs to upskill workers; (ix) PHP470 million deferment of filing, payment of taxes, and temporary exemptions; (x) PHP139.596 billion net operating loss carryover (NOLCO) of five years to help business cope with losses; (xi) PHP180 million emergency employment program by the DOLE for informal sector workers; (xii) PHP14 billion from the Tourism Infrastructure Enterprise Authority to support the tourism industry.
|Singapore||05||05 - Health and income support||SGD||40,031,000,000||28,260,501,235|
|Singapore||05A||05A - Health support||SGD||800,000,000||564,772,326||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 16 April 2020).||
Part of the Care and Support package in includes funds to contain the outbreak of around SGD800 million, mainly to the Ministry of Health (See Actions that increase liabilities to the central bank or government of Measure 3).
|Singapore||05B||05B - Income support||SGD||39,231,000,000||27,695,728,909||SingaporeBudget.gov. https://www.singaporebudget.gov.sg/budget_2020/budget-measures/budget-summary (accessed 30 May 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 30 April 2020). MAS. https://www.mas.gov.sg/news/media-releases/2020/new-grant-scheme-to-support-singapore-fintech-firms (accessed 17 May 2020).||
(i) The government has allocated SGD59.9 billion (12% of GDP) for various COVID-19 related measures under the 2020 budget announced on February 18, as well as supplementary budgets on March 26, and April 6, including: (a) The Care and Support Package to support households, including cash payouts, grants, and vouchers to all Singaporeans, and additional payments for lower-income individuals and the unemployed; and (b) The Stabilization and Support Package to support businesses, including wage subsidies, enhanced financing schemes, additional support for industries directly affected and for the self-employed, and introduces other economic resilience measures. (ii) No amount/estimate: March 26, Transitory tax deferrals and rebates. (iii) April 8, The MAS announced a SGD125 million support package to sustain and strengthen capabilities in the financial services and FinTech sectors. The support package, funded by the Financial Sector Development Fund, has three main components: (a) supporting workforce training and manpower costs, (b) strengthening digitalization and operational resilience, and (c) enhancing FinTech firms’ access to digital platforms and tools. (iv) May 13, SGD6 million grant by the MAS and AMTD Group and AMTD Foundation to support Singapore-based FinTech firms. [update]
|Thailand||05||05 - Health and income support||THB||1,400,000,000,000||43,603,149,053||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 29 April 2020); Source: https://www.aseanbriefing.com/news/thailand-issues-third-covid-19-stimulus-package/ (accessed 30 April 2020)||
In response to COVID-19, the Cabinet has approved a fiscal package with phases I, II, and III amounting to at least 10% of GDP or THB1.9 trillion including (i) health-related spending; (ii) assistance for workers (includes 3 million workers outside the social security system), farmers, and entrepreneurs affected by COVID-19; (iii) support for individuals and businesses through soft loans from Specialized Financial Institution (SFI) and Social Security Office (See THB500 billion in Measure 2: Encouraging private credit creation), and tax relief; and (iv) lower water and electricity bills, and lower employees’ and employers’ social security contribution.
|Thailand||05A||05A - Health support||THB||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 29 April 2020).||
See Measure 5: Direct support to income/revenue.
|Thailand||05B||05B - Income support||THB||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 29 April 2020). OECD. http://www.oecd.org/coronavirus/en/ (accessed 13 May 2020).||
See Measure 5: Direct support to income/revenue. (i) The government covers the first 6 months of interest and guarantees up to 60%–70% of the THB500 billion loan as part of the THB350 billion that the government will cover (See Measure 2: Loan guarantees); (ii) Reduction of interest on the debts to SFIs; (iii) May 5, The government approved a 20% discount on water bills to private consumers until the end of June. [update]
|Timor-Leste||05||05 - Health and income support||USD||150,000,000||150,000,000|
|Timor-Leste||05A||05A - Health support||USD||150,000,000||150,000,000||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 16 April 2020).||
April 7, The President authorized the transfer of USD250 million from the Petroleum Fund under the duodecimal regime. USD150 million was used to create an autonomous fund, the COVID-19 special funds, to spend on expenses related to prevent and combat the pandemic, including spending on medical equipment and medicine.
|Timor-Leste||05B||05B - Income support||USD||
April 20, The government approved a stimulus package to manage economic and financial risks from the COVID-19 including (i) cash transfers with a monthly basic income to over 214,000 households, worth USD100 per month per household, lasting for 3 months; wage subsidies (60% of the wage cost) for formal sector employees (30,000 workers); (ii) purchase of 3-month emergency supply of rice; (iii) maintaining transportation channels open for essential goods and medical/emergency goods; (iv) waving the payment of electricity (USD15 per month), water bills, and social security contributions; (v) provide stipends to over 4,200 Timorese students studying overseas.
|Turkmenistan||05||05 - Health and income support||TMT|
|Turkmenistan||05A||05A - Health support||TMT|
|Turkmenistan||05B||05B - Income support||TMT|
|Viet Nam||05||05 - Health and income support||VND||296,300,000,000,000||12,752,313,320|
|Viet Nam||05A||05A - Health support||VND||16,200,000,000,000||697,224,015||MOF||
Direct spending for COVID 19 Prevention. The state budget alocated VND 16.2 trillion (0.3% GDP) to prevent and control epidemics, in which D9.5 trillion (0.2% GDP) for purchasing medical equipment and materials to prevent and combat epidemics; D6.7 trillion (0.1% GDP) is for special allowances for forces engaged in epidemic prevention and control; expenses for isolated people, medical examination and treatment during the isolation period.
|Viet Nam||05B||05B - Income support||VND||280,100,000,000,000||12,055,089,305||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 29 April 2020). MOLISA. http://www.molisa.gov.vn/Pages/tintuc/chitiet.aspx?tintucID=222573 (accessed 13 May 2020). MOF. https://www.mof.gov.vn/webcenter/portal/tttc/r/o/ttsk/ttsk_chitiet?dDocName=MOFUCM176220&_afrLoop=64823728760452079#!%40%40%3F_afrLoop%3D64823728760452079%26dDocName%3DMOFUCM176220%26_adf.ctrl-state%3Dqyqkzymx6_118; https://www.mof.gov.vn/webcenter/portal/tttc/r/l/cm1913?dDocName=MOFUCM176327&dID=184276; https://www.mof.gov.vn/webcenter/portal/tttc/r/l/cm1913?dDocName=MOFUCM176202&dID=184148 (accessed 13 May 2020).||
(i) Announced measures include (a) deferral of tax ( added value tax- VAT, corporate income tax-CIT, and personal income tax-PIT) and land rental payment (for 5 months) to support affected entities and individuals (estimated amount of VND 180 trillion or 3% GDP); (b) affected firms and workers are allowed to defer their contribution (up to 12 months) to the pension fund and death benefit fund without interest penalty (total delayed contribution is estimated to reach VND9.5 trillion or 0.2% of GDP); (c) Import duty exemption for medical supplies and equipment serving COVID-19 prevention; preferential import and export tariffs for businesses operating in the fields of footwear, textiles, agricultural, forestry and fishery product processing, aquatic products, mechanics, supporting industries, and automobile industry (estimated amount of VND6 trillion or 0.1% GDP); (d) lower business registration fees and other fees/charges ( estimated support of VND 0.5 trillion); and (e) streamline tax and custom audit and inspection at firms, continued exemption of agricultural land use tax for households and farmers; (ii) cash transfer package worth of VND36 trillion (0.6% of GDP) from the state budget (both central and local government budget) to the following affected entities and individuals for 3 months from April to June 2020: (a) The poor and near poor households; (b) recipients of social protection programs; (c) workers whose employment contracts temporarily suspended or have been on unpaid leave; (d) workers who have employment contracts suspended but are not eligible for unemployment insurance, and laid off self-employed workers; (e) household busineses with annual taxable revenue below VND100 million that temporarily suspended business; (iii) cut electricity tariffs for 3 months to support firms and households affected by COVID-19 (The support is estimated at approximately VND11 trillion or nearly 0.1% of GDP); (iv) cut of telecommunication charges (estimated amount of VND 15 trillion or 0.25% GDP); (v) The government proposed to National Assembly for the reduction of corporate income tax from 20% to 15-17% for about 700,000 SMEs and MSMEs from 1 July 2020 (estimated support of VND 7.8 trillion or 0.13% GDP), and increase family circumstance-based reduction to personal income tax (PIT) for 6.8 million disadvantaged individuals (estimated support of VND 10.3 trillion or 0.2% GDP); (vi) May 5, Reduced regulations charge and fee rates for a number of fields such as Construction, Travel, and Water Resources; [update] (vii) May 5&7, 50% reduction in the rates, fees and charges in the field of securities, banks, and non-bank credit institutions to support those affected by the COVID-19 epidemic until the end of December 31, 2020; [update] (viii) May 9, The Ministry of Labor, Invalids, and Social Affairs proposed the bolstering of the Unemployment Insurance Fund Balance by VND3-5 trillion to retrain the labor force. [update]