What you should know about GKP 2.0?
Compile below are the most frequently asked questions about the GKP 2.0. Let's take a look and see whether you're eligible to receive the RM3,000 incentive or not!
Q1: What is GKP 2.0?
A1: GKP 2.0 is a one-off financial assistance amounting to RM3,000 to qualified Small & Medium Enterprises (SMEs) to alleviate the financial burden of the business while increasing production and service productivity.
Q2: Who is eligible to apply for GKP 2.0?
A2: Those who meet the following eligibility requirements:
Not a previous GKP recipient; and
Applicants must have Malaysian citizenship status; and
Applicants running Small & Medium Companies micro as follows: i. Total annual sales or turnover is less than RM300,000; and ii. The number of full-time employees does not exceed 4 people, not including owners; and
Registered with the following agencies; i. Inland Revenue Board of Malaysia (IRBM) before or on 31 August 2020; or ii. Local Authorities (PBT) or Companies Commission Malaysia (SSM) before or on 31 August 2020; and
e. Still active in running the business while the application is being made.
Q3: How much is the amount of GKP 2.0 assistance?
A3: The total amount of GKP 2.0 assistance is RM3,000 one-off.
Q4: How to apply for GKP 2.0?
A4: Applications can be made online through the GKP Portal (https://gkp.hasil.gov.my) provided by LHDNM. Manual applications will not be accepted.
Q5: When does the GKP 2.0 application start?
A5: GKP 2.0 application is open from 1-31 October 2020 (1 month).
Q6: When will the results of the application be known?
A6: Applicants can check the results of the application from 15 November 2020.
Q7: I am registered with government agencies (for example SSM and Local Authorities) but not registered with LHDNM, am I eligible to apply for GKP 2.0?
A6: Eligible. Applicants must fill in the business registration details on the online application form when applying.
Q8: When will the GKP 2.0 payment date be made?
A8: Payment is expected to be made starting 25 November 2020.
Q9: How is the GKP 2.0 payment method implemented?
A9: Pembayaran akan dikreditkan ke akaun bank persendirian pemohon yang didaftarkan pada permohonan GKP 2.0. Akaun bank mestilah aktif.
Q10: Will the GKP 2.0 eligibility check be made with any Government Agency?
Hope you find this useful.
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