Saturday, February 28, 2015

UBS Update: Maintenance fees is exempted from the goods and services tax (GST) for all types of stratified residential properties

image

Deputy Finance Minister Datuk Ahmad Maslan said that, exemption of GST would apply to all types of apartments, condominiums and flats, so maintenance fees will not be charged with GST tax that would be enforced starting April 1.

image

The reasons for the exemption, as mentioned by Ahmad Maslan, were because the government felt that building maintenance would not be a business that would make large profits. However, building maintenance was a service that affected a lot of people, and similar to public transport services, it would be exempted from GST on that basis.

He added, property groups and house buyers' associations had claimed last year to the Prime Minister and Finance Minister, Datuk Seri Najib Razak, pointing out the that GST would burden residents of low and low-medium cost apartments with higher maintenance cost

image

For further information: http://www.themalaysianinsider.com/malaysia/article/no-gst-on-maintenance-fees-for-all-high-rise-units-says-deputy-minister

For more detail, please visit www.vivid.com.my or please call 03-91722228.

Monday, February 23, 2015

UBS Update: GST Comparison Chart.

clip_image001

There are two levels of GST Software which are basic and advanced. The table below shows the functions or item content.

image

For more detail, please visit www.vivid.com.my or please call 03-91722228.

Wednesday, January 14, 2015

UBS Sage Cover Updates – Continue

Revised Price Structure – Sage Cover (Payroll)

We are pleased inform that new price structure for PAYROLL Sage Cover will take effect from 01 Jan 2015 onwards.

Kindly refer to list as below:

clip_image001

For more detail, please visit www.vivid.com.my or please call 03-91722228.

Tuesday, January 13, 2015

UBS Sage Cover Updates

clip_image001

Sage will remove of late administration charges together with removal of grace period. Once the end date is passed, it is automatically an upgrade scenario.

Please renew the Sage Cover before expired date in order enjoy latest release within 1 year.

For more detail, please visit www.vivid.com.my or please call 03-91722228.

Saturday, November 01, 2014

UBS Software GST Training

clip_image001

Overview

The GST Accounting course has the objective of providing practical hands-on experience in applying required GST treatment on business transactions, key controls together with reporting and tax return requirements. After the course, the attendee should have a good understanding of the key elements of GST and be able to manage basic GST requirements with an accounting software.
Basic GST and product knowledge is required to maximize the benefit from this course.

Syllabus

Setup and Settings

- Enabling GST Features

- Maintaining Key Data Elements for GST Reporting

Transactions

- GST in Purchasing

  >   Supplier Invoice

  >   Adjustments

  >   Sundry Purchases

  >   Self-Billed Invoice

  >   Invoices more than 6 months

  >   Capital Goods

  >   Imported Services

- GST in Sales

  >   Tax Invoice

  >   Adjustments

  >   Bad Debt Relief and Recovered

- GST in Receipt

- Posting

Reports

- Source Documents for GST

- GST Return - GST-03

- GST Audit File – GAF

- Tax Reports

For more detail, please visit www.vivid.com.my or please call 03-91722228.

Tuesday, October 07, 2014

UBS Update: Sage UBS approved at the Advanced level

clip_image001
Sage UBS, Sage 50 and Sage 100 has achieved the Advanced level of accreditation by JKDM/RMC.

This Advanced level puts Sage products a level above most other software solutions who are only on the Basic Level. This also proves the level of depth and experience that Sage invests in our products to make this happen.

For upgrading software & new purchase; please call 03-91722228. For more detail please visit www.vivid.com.my

Monday, September 22, 2014

UBS Update: E-Voucher for GST

clip_image002

Refer to below how to apply E-Voucher.

How much is the financial assistance?

The financial assistance has been structured to assist as many SMEs as possible. Therefore the final amount is RM 1,000 per qualified SME.

How do I qualify?

The requirements set-out by the authorities are simple and provided on the E-Voucher website. We made a quick summary below.

· The business equity must be at least 51% Malaysian.

· If you are in the manufacturing sector then your annual revenue should be less than RM 50 million or the number of full-time employees less than 200 persons.

· If you are in the service sector then your annual revenue should be less than RM 20 million or the number of full-time employees less than 75 persons.

· You should not be a PLC, subsidiary of a PLC, an MNC, subsidiary of an MNC, GLC, MKD, or a State-Owned Enterprises.

Remark: Before applying E-Voucher for GST, please get an advice either from your accountant or tax consultant first.

How do I apply?

Step1               

Register for GST

You will be first required to register for GST to attain your GST number, a requirement for the financial assistance program. The registration for GST has been opened since June 1, 2014 and is applicable for all businesses whom have annual revenue above RM 500,000.

You can register via the Royal Malaysian Customs's website http://gst.customs.gov.my/ Refer to TAP (Tax Payer Access Point)

Step2               

Apply for E-Voucher

The financial assistance is provided via E-Vouchers which can be used against your new purchase of software or software upgrades including training. This process is entirely online.

You can apply for the E-Voucher via SME Corp's website http://gst-evoucher.smecorp.gov.my/eng/index.html

Step3

Get your GST Compliant Software

Call 03-91722228 or email to us for more information.

Important considerations

· The number of E-Vouchers provided is limited to the fund size, therefore it is on a first-come, first-serve basis.

For upgrading software & new purchase; please call 03-91722228. For more detail please visit www.vivid.com.my