Overview of SST Tax on AutoCount

This article to provides a quick overview on latest development of SST Malaysia in AutoCount Accounting. There will be a version expected to be released latest by end of Auguest 2018. This version is a minor update to users so that they are able to perform their transaction / Invoicing…

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New! AutoCount Accounting Version 1.9

Introduction This is a new release of AutoCount Accounting on GST updates. GST updates are based on FAQ Transitional GST document found in custom website. You can refer to the details here. This upgrade will upgrade the database version to 1.0.9.71. Section 1: GST Compliance Changes 1.  Implementation of SR–0, TX-0 Tax Code Changes on capturing tax code has been introduced to document entries on or after 01/06/2018. For document on or after 01/06/2018, if system detects the final tax code falls under the following Government Tax Code (Refer Table 1), it will be overwritten with SR-0 or TX-0 tax code automatically so that changes of default setting is not needed. Document date will be the triggering date for such implementation. *Upon this upgrade, system will auto create a SR-0 & TX-0 tax code with 0% and map to Government Tax Code SR/TX so that it will appear in Column 5(a), Column 6(a) respectively. Table 1 is a list of tax code results in transactions for this version onwards: DEFAULT SETTING                           BEFORE 1 JUNE 2018                      ON/AFTER 1 JUNE 2018…

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Transition 6% to 0% GST – FAQ

Without prejudice. Note: The FAQ dated 17 May 2018 is cancelled. 1. STATUS OF GST 1.1. Q: What does the MOF statement mean / What happens to GST? A: All supplies of goods and services which are now subject to GST at standard-rated (6%) becomes zero-rated (0%) effective on 01…

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GST zero rated and AutoCount

Pakatan Harapan’s manifesto was aims to abolish GST and many are figured how this will be implement. Some are not agreed in abolish the goods and services tax (GST) and reintroduce the sales and services tax (SST). Finally today May 16, 2018 the Finance Ministry had announced to continue using…

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AutoCount Payroll 2.9

Introduction 1. Update PCB 2018 – Individual income tax rate is decreased by 2 percentage points for 3 chargeable income bands. 2. New Employment Insurance System (EIS) – Include EIS contribution into payroll process – All default pay slip and related reports are enhanced to support EIS For further details,…

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AutoCount Accounting Version 1.8.28

Introduction This version of AutoCount Accounting is a maintenance release for version 1.8. Bugs Fixed and Minor Enhancement Among the newer bugs fixed and minor enhancement introduced in AutoCount Accounting version 1.8 are: (From oldest to latest) Fix Bug: Fix an issue where a user without the View Cost Access…

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