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ABSS Accounting v29.1 and ABSS Premier v24.1
The latest versions of ABSS Accounting and ABSS Premier, released on 6th September 2022, come with compliance updates, new features as well as enhancements. New feature Transaction Journal Vouchers Some accounting transactions are required to be approved. In these newly released versions, you can print out transaction vouchers for approval. These transactions include: You can…
Accounting v27 and Premier v22
What’s new? Quick Links SST Registration Details SST tax types and sub codes Tariff codes Invoice layouts New form fields New form templates SST02 Report Other enhancements SST registration details New fields have been added to the Company Information window that allow you to record your SST registration detail as below (if applicable): Sales Tax…
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…
HRDF Levy
In March 2021, the existing HRDF levy was extended to cover all industries, with employees of 10 or more. Business that fall into this category are required to register and make contributions towards the HRD fund. The rate of levy depends on the number of Malaysian employees as follows: Number of employees Registration Rate 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…
ABSS Payroll v9.1
4 statutory compliance updates: EIS Autopay Text File As required by PERKESO statutory regulation, employer must report their Employment Insurance Scheme (SIP) collections no later than the 15th of the following month for every payroll processing period. Employer can perform the monthly submission by uploading the text file which contains the total contributions in the…
