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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…
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…
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 v28.3 and Premier v23.3
Released June 2020 In this release, ABSS have made compliance updates to Sales & Service Tax (SST) reports as well as introduced enhancements. Compliance updates SST02 include overdue Service Tax New checkbox “Include Overdue Invoices Since 1-Sep-2018” added to allow user capture past overdue invoices from SST effective date (1st Sept 2018) onward. User is…
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…