Naza Group hopes the vehicle sales tax exemption will continue further in year 2022 to spur demand within the local automotive market – File Pic/Reuters

Budget 2022: Spur economic recovery, rebuild the nation – Naza | Oktober 28, 2021 20:25 MYT

THE actions taken to contain COVID-19 has caused a sudden and severe contraction in economic activity and has posed challenges to governments across the world. The Malaysian government has made a concerted effort to support the economy while trying to curb the pandemic.

COVID-19 survival and recovery packages have been introduced, which supplement the substantial tax incentives already on offer in Malaysia.