Monday, September 22, 2014

UBS Update: E-Voucher for GST

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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

Monday, September 08, 2014

UBS Update: Sage UBS 2015

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The Sage UBS 2015 version is released in a defining moment as Malaysia implements GST. The all-time favorite and most used accounting software in Malaysia, Sage UBS has been upgraded to accommodate for the changes in legislation and to add to that, we are coming up with even more features to assist our customers, the SMEs to have a smooth transition to GST. We have also accommodated for a seamless and easy upgrade to the latest version for the previous versions of our products.

With over 500,000 users, Sage takes the responsibility to lead and are in the fore-front of this initiative and are working closely with the necessary authorities to deliver the best outcome for our users.

However, GST is not the only agenda for businesses. We are introducing a more integrated approach to this popular product as well as enhancing it for the internet, taking businesses into the future. We have even innovated to allow all Sage products to work with a single ID or SSO as it is more popularly known.

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