|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||851,712,272,727||210,000,000|
|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 24 July 2020).||
April, Additional fiscal resources to the health sector of around USD60 million are expected.
|Cambodia||05B||05B - Income support||KHR||608,365,909,091||150,000,000||RGC. http://auschamcambodia.com/wp-content/uploads/2020/05/fourth-round-of-stimulus-measures.pdf (accessed 11 June 2020); Australian Embassy in Cambodia. https://cambodia.embassy.gov.au/files/penh/20200624-Media-Release-Australia-and-Germany-support-historic-cash-transfer-English.pdf (accessed 26 June 2020); RGC. https://pressocm.gov.kh/en/archives/66499 (accessed 1 July 2020); RGC. https://bit.ly/3kmSOMU (accessed 04 August 2020).||
(i) No amount/estimate: April, Support to tourism sector including (a) exemption from all monthly taxes for two months (June to July 2020) for hotels, guesthouses, restaurants and travel agencies registered with the General Department of Taxation, and whose business activities are operated in Phnom Penh, Siem Reap, Preah Sihanouk, Kep, Kampot, Bavet city, and Poipet city; (b) non-payment of the National Social Security Fund (NSSF) during the business suspension; (c) exemption from the renewal fees for tourism licenses of all types for 2021 (See Measure 10: No breakdown); (ii) No amount/estimate: April, Exemption of all airlines registered in Cambodia from minimum tax for two more months from June to July 2020 (See Measure 10: No breakdown); (iii) No amount/estimate: May 26, Loosen the application of withholding tax for local and overseas lenders by about 5% to 10%; (iv) May 26, Extend the coverage and amount of the budget for the “cash for work program” in 2020 to USD100 million to absorb the labor force who have lost employment from the factories/enterprises and returned home from the foreign countries, to support the local people’s living standards, and to bring about socioeconomic achievements through the construction of small local physical infrastructures to enhance the agricultural and economic sectors ; (v) No amount/estimate: June 24, The Royal Government introduced the "Cash Transfer Program for Poor and Vulnerable Households during COVID-19" with support from international donors. The monthly spending for this assistance program is approximately KHR100 billion (or about USD25 million) and will run for two months in the first round (June and July); (vi) No amount/estimate: July 31, The Royal Government announced its fifth round of stimulus measures including (a) continued support through subsidies and tax exemptions to the garment-textile, footwear, travel products, bags, and tourism sectors until September 2020; (b) renewal of exemption of the minimum tax until September 2020 to support the aviation sector; and (c) continue to implement Cash Assistance Programmes for the poor and vulnerable families amid COVID-19 pandemic until September 2020.
|Indonesia||05||05 - Health and income support||IDR||591,533,200,000,000||38,930,555,566||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 27 May 2020). MOF (as of June 4).||
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, which was further expanded to IDR641 trillion (3.9% of GDP) on May 19. As of June 4, the government's fiscal package amounted to IDR677.2 trillion according to the Ministry of Finance. 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). WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 21 May 2020).||
(i) 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; (ii) March 31, Under the third fiscal package, authorities announced an additional IDR75 trillion for healthcare; (iii) May 13, See (ii) under Measure 5B.
|Indonesia||05B||05B - Income support||IDR||OECD. http://www.oecd.org/coronavirus/en/ (accessed 5 May 2020). WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 21 May 2020). MOF. https://www.kemenkeu.go.id/publikasi/berita/bumn-juga-masuk-program-pemulihan-ekonomi-nasional/ (accessed 22 May 2020). Ministry of Finance. https://www.kemenkeu.go.id/publikasi/berita/ini-cara-agar-umkm-bisa-mengajukan-pembebasan-pph-final-0-5/ (accessed 25 June 2020). Ministry of Finance. https://www.kemenkeu.go.id/publikasi/berita/pmk-652020-harapan-bagi-umkm-bertahan-dengan-subsidi-bunga-pemerintah/ (accessed 25 June 2020). Ministry of Finance. https://www.kemenkeu.go.id/publikasi/berita/pemerintah-siapkan-subsidi-bunga-umkm-total-rp35-2-triliun/ (accessed 25 June 2020). Reuters. https://www.reuters.com/article/us-health-coronavirus-indonesia-taxbreak/indonesia-gives-tax-break-to-makers-of-personal-protective-equipment-idUSKBN23Q1KN?il=0 (accessed 19 June 2020). MOF. https://www.kemenkeu.go.id/publikasi/berita/menkeu-tempatkan-rp30-triliun-di-bank-himbara-di-tahap-pertama/ (accessed 3 July 2020). MOF. https://www.kemenkeu.go.id/publikasi/berita/pp-292020-memberi-5-fasilitas-pajak-penghasilan-di-masa-pandemi/ (accessed 3 July 2020). MOF. https://www.kemenkeu.go.id/publikasi/berita/dukung-pen-melalui-umi-pip-tandatangani-akad-pembiayaan-baru-dengan-pt-pegadaian-senilai-rp400-miliar/ (accessed 3 July 2020). MOF. https://www.kemenkeu.go.id/publikasi/berita/pph-badan-untuk-perusahaan-publik-bisa-turun-19-jika-memenuhi-persyaratan-ini/ (accessed 3 July 2020). MOF. https://www.kemenkeu.go.id/publikasi/berita/pmk-85pmk052020-mempermudah-umkm-mendapat-keringanan-subsidi-bunga/ (accessed 16 July 2020). MOF. https://www.kemenkeu.go.id/publikasi/berita/presiden-luncurkan-bantuan-subsidi-gaji-pekerja/ (accessed 28 August 2020). MOF. https://kemnaker.go.id/news/detail/pemerintah-terbitkan-pp-relaksasi-iuran-bpjs-ketenagakerjaan (accessed 17 September 2020). Ministry of Industry. https://kemenperin.go.id/artikel/21998/Dongkrak-Daya-Beli,-Menperin-Usulkan-Pajak-Mobil-Baru-0-Persen (accessed 17 September 2020). Ministry of Finance. https://www.kemenkeu.go.id/publikasi/berita/djkn-sederhanakan-proses-bisnis-dan-sesuaikan-tarif-pemanfaatan-bmn-lewat-pmk-1152020/ (accessed 24 September 2020).||
No amount/estimate: (i) 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. (ii) May 13, Postponing the payment of excise duties on imports of certain goods and temporary elimination of import tariffs, VAT and income taxes on certain medical and pharmaceutical products used in the treatment of COVID-19. (iii) May 19, The Ministry of Finance will provide subsidies, compensation, State Capital Inclusion, and bailout fund to maintain the sustainability of state-owned enterprises (SOEs) under the expanded fiscal package announced in May 19 in Measure 5. Total government support to SOEs is IDR104.38 trillion for Above The Line funds and IDR44.92 trillion for Below The Line funds. (iv) June 17, Final income tax exemption of 0.5% of the gross circulation borne by the government for April to September 2020 for MSMEs conditional on gross income not exceeding IDR4.6 billion a year. (v) June 18, IDR10 billion interest rate subsidy for MSMEs in as part of the National Economic Recovery Program. (vi) June 19, IDR35.2 trillion in interest rate subsidies for banks and non-bank financial institutions as part of the National Economic Recovery Program. (vii) June 19, Authorities announced a taxbreak for manufacturers of personal protective equipment and household antiseptic products by offsetting 30% of production costs between March and September 2020 against taxable income. (viii) June 24, IDR30 trillion allocated to HIMBARA (State-owned Banks Association) for lending and interest subsidies to MSMEs. (ix) No amount/estimate: June 25, A series of tax incentives and relief measures for producers of medical devices, taxpayer contributions to COVID-19 relief efforts, any income from government compensation, incentives and leases paid to those involved in handling COVID-19 efforts, and on the buyback of exchange-traded shares of WP Limited Companies. (x) June 25, IDR1.088 trillion in financing for ultra micro loans (UMi) through financial institutions UMi financing channels of which IDR400 billion is earmarked for PT Pegadian (state-owned pawnbroker). (xi) No amount/estimate: June 29, Corporate income tax discounts for publicly listed companies: 19% in the tax year 2020 and 2021, and 17% in the 2022 tax year; conditional on certain ownership criteria. (xii) July 14, Interest subsidy and loan principal payment relief scheme for MSMEs as part of the Nationa Economic Recovery (PEN) program involving a total amount of INR 35.28 trillion for 60.66 million accounts. (xiii) August 27, The President announced an expanded wage subsidy program targeting 15.7 million workers earning under IDR5 million and are compliant with mandated social security contributions. (xiv) No amount/estimate: September 9, The President issued Government Regulation No. 49 easing social security regulations for members by extending deadlines and reducing the amounts for certain contributions. (xv) No amount/estimate: September 14, The Ministry of Industry proposed a 0% tax on car purchases to support the recovery of the automotive industry. (xvi) September 18, The Ministry of Finance decreased lease charges on state-owned property for certain businesses. [update]
|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, 9 July 2020).||
May, LAK30 billion has been allocated for prevention and control. As of July 1, an additional budget request of LAK23.98 billion for rapid procurement of protective and medical equipment from State Budget is under process.
|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 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).
|Malaysia||05||05 - Health and income support||MYR||104,003,100,000||24,210,414,824|
|Malaysia||05A||05A - Health support||MYR||2,150,000,000||500,488,850||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); Ministry of Finance. https://penjana.treasury.gov.my/pdf/PENJANA-Booklet-En-v3.pdf (accessed 26 June 2020).||
(i) No amount/estimate: March 23, Temporary elimination of import tariffs on face masks; (ii) March 27, in PRIHATIN: (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; (iv) June 5 in Short-term National Economic Recovery Plan or PENJANA: (a) The government will double the existing allocation for the PEKA B40 Programme to a total of MYR100 million (amount is MYR50 million only) in order to fund health screening, medical device assistance, cancer treatment incentives, and subsidy for transportation for health for the B40 group; and (b) Tax relief for COVID-19 related expenses, amounting to MYR600 million, to encourage businesses to adapt to new norms and adhere to SOPs: extend the period and expand the scope of expenses allowed as tax deduction or capital allowance for COVID-19’s prevention, including COVID-19 testing and purchase of PPE and thermal scanners.
|Malaysia||05B||05B - Income support||MYR||101,853,100,000||23,709,925,974||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); Ministry of Finance. https://penjana.treasury.gov.my/pdf/PENJANA-Booklet-En-v3.pdf (accessed 26 June 2020). Prime Minister's Office of Malaysia. https://www.pmo.gov.my/2020/07/teks-ucapan-perkembangan-terkini-perintah-kawalan-pergerakan-pemulihan-pkpp/ (accessed 22 July 2020). 16th Laksana Report. https://www.treasury.gov.my/pdf/Speech-16th-Laksana-Report-Implementation-Of-PRIHATIN.pdf (accessed 14 August 2020). Ministry of Finance. https://www.treasury.gov.my/kitaprihatin/special-announcement-on-kita-prihatin.pdf (accessed 2 October 2020). Ministry of Finance. https://www.treasury.gov.my/kitaprihatin/gkp-reopening-faq.pdf (accessed 2 October 2020). Malay Mail. https://www.malaymail.com/news/malaysia/2020/09/23/muhyiddin-announces-new-kitaprihatin-package-for-middle-income-bottom-incom/1905893 (accessed 2 October 2020). The Edge Markets. https://www.theedgemarkets.com/article/govt-annnounces-rm10b-kita-prihatin-package (accessed 2 October 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; (iii) June 5, in Short-term National Economic Recovery Plan or PENJANA: (a) The wage subsidy program, amounting to MYR5.3 billion, will be extended for a further 3 months with a subsidy of MYR600 per employee for all eligible employers; (b) No amount/estimate: The National Employment Services under PERKESO will be upgraded by enhancing the job portal and employment placement services and collaborating with the private job sites for employment matching; (c) The Government will introduce incentives, amounting to MYR1.5 billion, to encourage the hiring of the unemployed; (d) A MYR2 billion fund will be dedicated to reskilling and upskilling programs for Youth and Unemployed Workers; (e) The Government will facilitate policies to support the growth of the gig economy and the welfare of gig economy workers. This amounts to MYR75 million; (f) The Government allotted MYR800 million to support employers and employees as work-from-home arrangement is encouraged; (g) To ease the transition to the new normal of working-from-home, the Government will support working parents through the subsidy of child care expenses. There will also be incentives to encourage child care centers to comply with the new normal and to incentivize certification of early education practitioners. These measures amount to MYR200 million; (h) Under Public Transport Subsidy amounting to MYR200 million, the Government will introduce an unlimited monthly travel pass costing MYR30 for use on all rail services (MRT, LRT, Monorail), BRT, RapidKL buses and MRT feeder buses; (i) Social assistance support, amounting to MYR108 million, will be provided to identified vulnerable groups: (1) Persons with disabilities (OKU): 185,713 recipients costing MYR55.7 million, (2) Home Help Services: 1,815 recipients costing MYR544,500, and (3) Registered single mothers: 1,350 recipients costing MYR405,000; (j) To enable the transition to the new normal of remote learning and work, MYR3 billion support will be provided to increase internet connectivity for education, productivity (video conference applications) and news; (k) Eligible microenterprises and SMEs will be onboarded to shift towards business digitalization through a co-funded program with MDEC and e-commerce platforms. This Micros and SMEs e-commerce campaign amounts to MYR70 million; (l) The Government will collaborate with e-commerce platforms to co-fund digital discount vouchers, amounting to MYR70 million. This is done to encourage spending on products from local retailers; (m) The Government will continue to provide grants to eligible enterprises for adoption or subscription of digitalization services under the SME Digitalization Matching Grant totaling MYR100 million, in partnership with telecommunication companies and the Smart Automation Grant totaling MYR100 million, capped at up to MYR1 million per company; (n) An online one-stop business advisory platform for the microenterprises and SMEs, amounting to MYR5 million, will be set up to enhance the outreach of the existing physical SME Hub; (o) MYR2.4 billion is allocated to ease financial stress on businesses through remissions of penalties related to late tax payments; (p) To encourage and sustain the role of social enterprise in promoting responsible business, the Government will provide a matching grant through Malaysian Global Innovation & Creativity Centre (MaGIC) totaling MYR10 million to social enterprises who are able to crowdsource contributions and donations to undertake social projects that will address the challenges faced by targeted communities through innovative ways; (q) To catalyze establishment of new businesses, financial relief, amounting to MYR300 million, will be provided in the form of income tax rebate for newly established SME and stamp duty exemption for SMEs on any instruments executed for Mergers and Acquisition; (r) National Technology and Innovation Sandbox, amounting to MYR100 million, will be developed to pilot new technology solutions and provide relaxation of regulations to text new technology solutions (e.g. drone delivery, autonomous vehicles); (s) Accelerate the digitalization of government services, amounting to MYR20 million, to reduce face-to-face transactions; (t) National “Buy Malaysia” Campaign, amounting to MYR20 million, to encourage the consumption of Malaysia-made products and services; (u) ePENJANA credits in e-wallet, amounting to MYR750 million, to encourage contact-free payment and to boost consumer spending; (v) Incentives for Property Sector, amounting to MYR1 billion, to stimulate the property market and provide financial relief to home buyers; (w) Tax incentives for purchase of passenger cars, amounting to MYR897 million; (x) An allocation of MYR20 million to encourage transition away from the traditional working hours concept of 9 AM to 5 PM towards extended working hours on shifts-basis; (y) An allocation of MYR50 million to attract foreign companies to relocate their business into Malaysia by addressing the risk of re-shoring; (z) Tax incentives for the tourism sector amounting to MYR1.8 billion; (aa) Dedicated funding and support for the arts, culture, entertainment, events and exhibitions sector amounting to MYR225 million; (ab) Part of the Agriculture and Food Sector Support amounting to MYR50 million is allocated to agro-food workforce mobility via incentives for pioneer companies to train and educate workforce to explore opportunities in agriculture and plantations and in-kind benefits for Urban Farming (e.g. Fertilizers, Seeds, Infrastructure, Equipment, Advisory and Training) worth MYR500 per person and MYR50,000 per community; (ac) Support the commodity sector through 100% export duty exemption from 1 July 2020 to 31 December 2020. This amounts to MYR200 million; (iv) September 23, The PRIHATIN Supplementary Initiative Package or KITAPRIHATIN, amounting to MYR10 billion, targets four main groups: the bottom 40% income group (B40) who are married and single; M40 group with family and who are single; local workers in various fields and micro-traders in various fields. The Government will introduce: (a) MYR7 billion Bantuan Prihatin Nasional 2.0 (BPN 2.0), (b) MYR2.4 billion Wage Subsidy Programme 2.0, and (c) RM600 million Prihatin Special Grant (GKP) [update].
|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 24 July 2020); KPMG. https://home.kpmg/xx/en/home/insights/2020/04/myanmar-government-and-institution-measures-in-response-to-covid.html (accessed on 28 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: April, 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 24 July 2020).||
No amount/estimate: (i) April, 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) April, 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; (vi) April, The National Food Reserve has been allocated MMK38 billion.
|Philippines||05||05 - Health and income support||PHP||688,546,000,000||13,526,469,641|
|Philippines||05A||05A - Health support||PHP||58,600,000,000||1,151,195,593||Department of Finance. WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 21 May 2020). DOF. https://www.dof.gov.ph/report-on-covid-19-socioeconomic-response/(accessed 21 May 2020).||
(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; (ix) Tax exemptions for donations of cash, critical healthcare equipment, relief goods, and the use of property for fighting COVID-19. (x) May 5, Temporary elimination of tariffs and other taxes and fees on qualified manufacturers and suppliers of medicines, medical equipment and devices, or articles needed in the supply chain, among others; (xi) May 19, The Department of Finance announced that a total of PHP58.6 billion have been marshalled to support frontline workers and increase health system capacity.
|Philippines||05B||05B - Income support||PHP||629,946,000,000||12,375,274,047||Department of Finance. CNN Philippines. https://www.cnn.ph/news/2020/9/11/Bayanihan-2-law-signed-covid-19-pandemic.html (accessed 11 September 2020).||
(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 and Enterprise Zone Authority to support the tourism industry. (xiii) September 11, The Bayanihan 2 fiscal package was enacted worth PHP165.5 billion consisting of PHP140 billion in regular appropriations and PHP25.5 billion in contingency funds.
|Singapore||05||05 - Health and income support||SGD||73,076,000,000||51,589,128,133|
|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). WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 21 May 2020).||
(i) Part of the Care and Support package in includes funds to contain the outbreak of around SGD800 million, mainly to the Ministry of Health. On April 16, import tariffs and all other duties and charges were waived on essential goods including medical, hygiene, pharmaceutical and agricultural products.
|Singapore||05B||05B - Income support||SGD||72,276,000,000||51,024,355,807||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#P (accessed 30 May 2020). MAS. https://www.mas.gov.sg/news/media-releases/2020/new-grant-scheme-to-support-singapore-fintech-firms (accessed 17 May 2020). The Straits Times. https://www.straitstimes.com/singapore/coronavirus-president-halimah-gives-assent-to-additional-33b-in-support-packages (accessed 19 June). Reuters. https://www.reuters.com/article/us-singapore-economy-tourism/singapore-seeks-local-boost-for-tourism-sector-facing-existential-crisis-idUSKCN24N0ZF?il=0 (accessed 22 July 2020). SingaporeBudget. https://www.singaporebudget.gov.sg/budget_2020/AugustStatement (accessed 17 August 2020).||
(i) The government has allocated SGD92.9 billion (19.2% of GDP) for various COVID-19 related measures under the 2020 budget announced on February 18, as well as supplementary budgets on March 26, April 6, and May 26 (the SGD33 billion Fortitude Budget was enacted on June 16), 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; (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; (c) SGD13 billion for contingencies to allow the government to respond quickly to any unforeseaable developments arising from COVID-19. (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. (v) July 22, SGD45 million marketing and promotion campaign to drive local demand for lifestyle and tourism businesses. (vi) August 17, The government announced SGD8 billion worth of additional economic support measures, including extensions of existing measures such as wage and employment subsidies as well as SGD320 million in tourism vouchers, to be funded by reallocations from the existing budget.
|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 22 May 2020); ASEAN Briefing. 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 2A), 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
|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). Philippine Daily Inquirer. https://business.inquirer.net/298945/thailand-oks-whopping-90-reduction-in-land-building-tax-for-2020 (accessed 2 June 2020). Bangkok Post. https://www.bangkokpost.com/business/1935776/cabinet-approves-b22bn-domestic-tourism-stimulus (accessed 16 June 2020). Reuters. https://www.reuters.com/article/us-health-coronavirus-thailand-spending/thailand-plans-956-million-projects-to-boost-rural-incomes-farm-sector-idUSKBN2600XN?il=0 (accessed 9 September 2020).||
See Measure 5: (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. (iv) No amount/estimate: June 2, The Cabinet approved a 90% reduction in land and building taxes for the year and a 2-month postponement in the deadline for filing personal income tax returns. (v) June 16, THB22.4 billion domestic tourism package approved by the Cabinet including subsidies for tourism service providers, domestic tourists and health officials for July to October. (vi) September 9, Authorities are developing new projects worth THB30 billion to support its farm sector and create rural jobs.
|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||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 October 2020).||
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; (v) No amount/estimate: May 11, the government financed the remaining 60% in the moratorium and forbearance discussed in 3B; (vi) No amount/estimate: September 23, the Government decided to distribute cash transfers for basic staple foods to eligible households, worth USD25 per month per household, lasting for 2 months (November and December). [update]
|Viet Nam||05||05 - Health and income support||VND||299,800,000,000,000||12,902,948,139|
|Viet Nam||05A||05A - Health support||VND||16,200,000,000,000||697,224,015||MOF. WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 21 May 2020).||
Direct spending for COVID 19 Prevention. (i) 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. (ii) May 6, Temporary elimination of import taxes on medical and protective equipment.
|Viet Nam||05B||05B - Income support||VND||283,600,000,000,000||12,205,724,123||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). SBV. https://www.sbv.gov.vn/webcenter/portal/vi/menu/trangchu/ttsk/ttsk_chitiet?leftWidth=20%25&showFooter=false&showHeader=false&dDocName=SBV411480&rightWidth=0%25¢erWidth=80%25&_afrLoop=6351719956441852#%40%3F_afrLoop%3D6351719956441852%26centerWidth%3D80%2525%26dDocName%3DSBV411480%26leftWidth%3D20%2525%26rightWidth%3D0%2525%26showFooter%3Dfalse%26showHeader%3Dfalse%26_adf.ctrl-state%3D8spv6ic5v_297 (accessed 27 May 2020). SBV. https://www.sbv.gov.vn/webcenter/portal/vi/menu/trangchu/ttsk/ttsk_chitiet?leftWidth=20%25&showFooter=false&showHeader=false&dDocName=SBV411629&rightWidth=0%25¢erWidth=80%25&_afrLoop=7383442037939412#%40%3F_afrLoop%3D7383442037939412%26centerWidth%3D80%2525%26dDocName%3DSBV411629%26leftWidth%3D20%2525%26rightWidth%3D0%2525%26showFooter%3Dfalse%26showHeader%3Dfalse%26_adf.ctrl-state%3Dp3764aoqq_95 (accessed 11 June 2020). MOF. https://www.mof.gov.vn/webcenter/portal/tttc/r/o/ttsk/ttsk_chitiet?dDocName=MOFUCM177682&_afrLoop=101462002575410497#!%40%40%3F_afrLoop%3D101462002575410497%26dDocName%3DMOFUCM177682%26_adf.ctrl-state%3D15yo7osqkm_42 (accessed 11 June 2020). SBV. https://www.sbv.gov.vn/webcenter/portal/vi/menu/trangchu/ttsk/ttsk_chitiet?leftWidth=20%25&showFooter=false&showHeader=false&dDocName=SBV411762&rightWidth=0%25¢erWidth=80%25&_afrLoop=7977541324618211#%40%3F_afrLoop%3D7977541324618211%26centerWidth%3D80%2525%26dDocName%3DSBV411762%26leftWidth%3D20%2525%26rightWidth%3D0%2525%26showFooter%3Dfalse%26showHeader%3Dfalse%26_adf.ctrl-state%3D6yj9cn3b3_216 (accessed 11 June 2020). SBV. https://sbv.gov.vn/webcenter/portal/en/home/sbv/news/news_chitiet?leftWidth=20%25&showFooter=false&showHeader=false&dDocName=SBV411933&rightWidth=0%25¢erWidth=80%25&_afrLoop=8878631108931326#%40%3F_afrLoop%3D8878631108931326%26centerWidth%3D80%2525%26dDocName%3DSBV411933%26leftWidth%3D20%2525%26rightWidth%3D0%2525%26showFooter%3Dfalse%26showHeader%3Dfalse%26_adf.ctrl-state%3Dh0heshaox_607 (accessed 19 June 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; (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; (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. (ix) May 20, The Government proposed a number of policy measures to the National Assembly including: (a) Exempt and reduce a number of tax obligations, pay the budgets of the fields and subjects that are severely damaged by the COVID-19 pandemic, including reducing corporate income tax for small and super small businesses; and (b) Allow the Government to proactively adjust the public investment plan in 2020 among ministries, central agencies and localities within the scope of development investment expenditure estimates by 2020. At the same time, implement specific solutions to mobilize and effectively use resources for development investment in the context of difficulties. (x) May 30, Allowed contributions and support extended to COVID-19 efforts as reasonable expenses deductible from corporate income taxes. (xi) May 30, 50% reduction in registration fee for domestically manufactured/assembled cars until end-2020 to stimulate domestic consumption. (xii) May 30, 50% discount on fees for take-off and landing and flight control services for domestic flights from March-September 2020. (xiii) May 30, 15% reduction in payable land rent in 2020 for enterprises, organizations, households and individuals directly leased by the State under decisions and contracts of competent state agencies. (xiv) June 1, Reduced fees from 20-30% for some services in the field of transaction registration to ensure labor safety and 20% discount on fees for registering secured transactions. (xv) June 5, The National Assembly approved the increase in family allowances deduction of personal income tax from the current 9 million VND to 11 million VND / month for taxpayers, adjusted from 3.6 million VND to 4.4. million dong / month for dependents from July 1, 2020. (xvi) June 8, Increased capitalization for state-owned Vietnam Bank for Agriculture and Rural Development not exceeding VND3.5 trillion from remaining funds in the 2019 budget and subsequently approved by the National Assembly on June 10.