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ABSS is Windows 11 compatible
Windows 11 is a major release of the Windows NT operating system developed by Microsoft that was announced on June 24, 2021, and is the successor to Windows 10, which was released in 2015. From October 2021, Microsoft began releasing Windows 11 as a free upgrade for Windows 10 users. However, older computers may not…
Accounting v28.1 and Premier v23.1
Released September 2019 In this release, ABSS have extended tariff code selection into all types of Sales layout.Also included are SST compliance updates and some minor enhancements. New SST tax types New SST tax types, as shown in the table below have been added for use in line with Royal Malaysia Customs Department (RMCD) requirements…
ABSS Payroll v12
Released January 2021 Compliance updates Personal income tax rate update Tax calculations have been updated in line with the budget that was tabled. These rates come into effect from 1st January 2021. The tax rate for resident individuals with chargeable income in the band of RM50,001 to RM70,000is reduced to 13%. See below for the…
LHDN Payroll Audit
From January 2019, LHDN began requesting selected employers to provide payroll details for audit. Employers who received notification were required to provide: Employee Master File Payroll Register, and, Payroll Chart of Account. With the release of ABSS Payroll v11 in January 2020, you can now generate the LHDN Audit file when required. To access this…
Accounting v28.8 and Premier v23.8
ABSS Accounting v28.8 ABSS Premier v23.8 Released March 2021 In this release, ABSS has extended the tax code, company name character limits, and improved time for report generation. Extended Tax Codes characters limit To cater to the various length of the tax code characters provided by the authority, ABSS have extended the maximum length of…
ABSS Payroll v10
Tax Relief Updates Contribution to Employee Provident Fund (EPF) and life insurance premium is now separated as follows: Contribution to EPF – up to RM4,000 Life Insurance Premium – up to RM3,000 Net savings in SSPN – increased up to RM8,000 Removal of Tax Relief for Housing Loan Interest Paid Compliance Update In compliance with…