AutoCount Payroll Updates Year 2020

AutoCount Payroll Year 2020 Release Note for Version 2.11 Build 0

Changes for AutoCount Payroll – Version 2.11 Build 0 (Release Date: 16/01/2020). Available to download here

1. Update PCB2019

• Chargeable income is increased from exceeding RM1,000,000 to exceeding RM2,000,000 and the tax rate for resident individual taxpayer for chargeable income exceeding RM2,000,000 be increased by 2% as in table 1.
• Income tax rate for non–resident individual taxpayer to be increased by 2%, from 28% to 30%.
• Income tax relief for fees paid to childcare centres and kindergartens to be increased from RM1000 to RM2000.

P   (RM)	M (RM)	R (%)	B Category 1 & 3 (RM)	B Category 2 (RM)
5,001 – 20,000	5,000	1	– 400	– 800
20,001 – 35,000	20,000	3	–250	–650
35,001 – 50,000	35,000	8	600	600
50,001 – 70,000	50,000	14	1,800	1,800
70,001 – 100,000	70,000	21	4,600	4,600
100,001 – 250,000	100,000	24	10,900	10,900
250,001 – 400,000	250,000	24.5	46,900	46,900
400,001 – 600,000	400,000	25	83,650	83,650
600,001 – 1,000,000	600,000	26	133,650	133,650
1,000,001 – 2,000,000	1,000,000	28	237,650	237,650
Exceeding 2,000,000	2,000,000	30	517,650	517,650

Table 1

2. Update the following form/reports:

• Income Tax EA – 2019
• Income Tax EA – 2019 (Longer Address Field)
• Income Tax EA – English 2019
• Income Tax CP8D – 2019

Notes:

1. What to do after installation of this new version 2.11 Build 0:
   Re-register each of your payroll database at File | Register Payroll Database before moving on with payroll processing.
   * Note: If you do not re-register with the new license code, you will not able to create payroll.
2. Minor changes:
   Scope of income tax relief on medical treatment expenses be expanded to cover the cost of fertility treatment for the taxpayer or the spouse. However, the amount of tax relief is still the same, RM6000.