This new release of ABSS Premier and ABSS Accounting ensures compliance with the latest requirements in GST record keeping and reporting.
The latest versions of ABSS, Premier v21 and Accounting v26, are both GST compliant accounting solutions.
ABSS Accounting is a fully integrated solution complete with inventory module, suited for small businesses that are owner operated.
ABSS Accounting has been Malaysian GST compliant since v 20.
Single & multi-user versions with multi-currency, multi-location warehousing and enhanced inventory control features.
ABSS Premier has been Malaysian GST compliant since v15.
New version released!
AccountEdge Pro and Network Edition v12 are compatible with Mac OS X 10.9 (Mavericks) operating system
Integrated Malaysian payroll and leave management solution gives you the power to process even the most complex of payrolls, in just minutes. ABSS Payroll generates all the reports you’ll need to keep management and tax requirements compliant, effortlessl
GST at 0% from June 1 2018
The Goods and Services Tax (GST) will be zero-rated for all items and services in Malaysia from June 1, the Finance Ministry announced today.
The ministry said the GST will no longer be imposed at a rate of 6 per cent from then on, adding that this will be subject to further notice.
Accordingly, all registered merchants must comply with the imposition of the zero rate.
At the same time, registered traders are still subject to all current regulations set forth in respect of the issuance of tax invoices, tax returns within the prescribed periods of charge and input tax credit claims.
"Traders also need to ensure the price of goods and services that are set to comply with the Price Control and Anti-Profiteering Act 2011 at all times," the statement said.
Running your business while ensuring GST compliance is not an easy task.
Why not keep it simple?
Automate the task of tracking GST while going about your normal business routines.
The latest versions of MYOB Accounting and MYOB Premier helps you carry on with business as usual while ensuring compliance with GST.
How can MYOB help you meet your GST obligations?
Already using MYOB?
Is your GST compliance up to date?
Rules for GST compliance change as Customs fine tunes the process.
GST is still a new tax system for Malaysia. There will be updates to the way we need to comply with maintaining and reporting GST as time goes by.
Stay compliant by ensuring you have the latest versions of MYOB. Sign up for Business Support to get free upgrades.
New GST tax codes introduced in August 2016
Accounting driving you nuts?Mind Your Own Business!
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