ABSS Payroll v10

Tax Relief Updates

  1. 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
  2. Net savings in SSPN – increased up to RM8,000
  3. Removal of Tax Relief for Housing Loan Interest Paid

Compliance Update

In compliance with the above changes, the following forms have been updated:

TP1
Borang Tuntutan Potongan Dan Rebat Individu

TP3
Borang Maklumat Berkaitan Penggajian Dengan Majikan-
Majikan Terdahulu Dalam Tahun Semasa

Tax Compliance

Tax Calculation

Tax calculation also been updated accordingly. All new pay run will reflect on new PCB calculation.

The .txt file output file for submission also updated accordingly.

New SOCSO form

New form been added for SOCSO – Borang Pendaftaran Pekerja Asing

Report lists

Tax Agent Address

A new field been added in Card File. It will be used in Form CP22.

Card File > Contact tab > [Check box] Address belongs to tax agent

Similar Posts

  • 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…

  • 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…