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 v13 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
With the passing of all 5 bills by Dewan Negara, it is now confirmed that GST has been abolished and SST will be re-introduced.
• The last date for GST is 31st August 2018.
• SST will be implemented from 1st September 2018.
The threshold for registration is RM500,000.00 turnover.
Automatic registration
Those that are already GST registered and are liable for registration will be automatically registered for SST. In such cases, Customs will notify the business by letter. If you have not received any notification, chances are you are not required to register for SST. However, it is always best to verify this with Customs.
New registrations
For both Sales tax and Service tax, the threshold for registration is RM500,000.00 over a 12 month period. Businesses are required to register within 30 days of reaching the threshold.
Businesses can register online through the Custom's mySST system.
Read more about SST here
Setting up SST in ABSS - An interim guide
Accounting driving you nuts?Mind Your Own Business!
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