By the end of 2020, the SMEs had certain expectations of what the budget would be. They expected the government to:

  • Allocate development funds for investment in electronic commerce, technology, and digital platforms.
  • Double deduction on reskilling and upskilling training.
  • Availing of tax deductions for SME rescheduling and restructuring their finances to finance in creativeness and enhancements of their business operations.
  • Include SMEs in the Real Property Gains Tax exemptions when they are disposing of real properties.