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UK Prime Minister Andy Burnham has announced a 20 percent reduction in business rates for pubs, clubs and live music venues, effective from April 2027, saving the typical pub approximately £1,100 annually.
The Cabinet has acknowledged Barisan Nasional's proposals seeking relief for businesses struggling with e-invoicing compliance and the mandatory 2% EPF contribution requirement for foreign workers, signalling potential policy adjustments ahead.
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Malaysia's Cabinet has agreed to conduct a comprehensive review of the e-invoice system and mandatory EPF contributions for non-citizen workers, potentially postponing both measures due to concerns about their impact on traders and employers.
The Malaysian government has unveiled an e-Invoice Voluntary Declaration Programme running until December 2027, allowing micro, small and medium enterprises to make penalty-free adjustments to their digital tax filings, alongside accelerated capital allowance incentives.
Malaysia's Small and Medium Enterprises Association has urged financing agencies to release regular transparency reports on loan approvals and recipients, arguing that digital systems alone cannot prevent insider abuse and political patronage in MSME funding.