How to change Sage UBS BSM GST tax rate from 6% to 0%

Step-by-step screenshots of how to change Sage UBS BSM GST tax rate from 6% to 0%

Go to Maintenance > Miscellaneous Files > Tax:-

 

Default Sales tax code to new tax code
Go to Mintenance -> Charges -> Edit -> Default Tax = SR0

* Please consult your Accountant/Auditor/Tax Agent before you choose either option to ensure proper adherence to this new regulation in your accounts. 

 

 

If you have any questions, please do not hesitate to reply back to below information, I will be able to assist you further.

Vivid Solutions Sdn Bhd

Tel : 03-91722228
Mobile : 011-10161636
Click here for Whatsapp chat

Email : infor@vivid.com.my
Website: http://ubssoftware.com.my

    

How to change Sage UBS Inventory & Billing GST tax rate from 6% to 0%

 

Step-by-step screenshots of how to change Sage UBS Inventory & Billing GST tax rate from 6% to 0%

Go to Maintenance > Miscellaneous Files > Tax Code Maintenance:-

 

Default Sales tax code to new tax code
Go to Housekeeping -> Run Setup -> Administrative Tools -> Setting 2 -> Default Tax Code for  AR Transaction = SR-0 & TX-0

 

* Please consult your Accountant/Auditor/Tax Agent before you choose either option to ensure proper adherence to this new regulation in your accounts. 

If you have any questions, please do not hesitate to reply back to below information, I will be able to assist you further.

Vivid Solutions Sdn Bhd

Tel : 03-91722228
Mobile : 011-10161636

  Click here for Whatsapp chat

Email : infor@vivid.com.my
Website: http://ubssoftware.com.my

 

Sales & Service Tax (SST) in Malaysia?

What is SST?

The sales and service tax (SST) is set to make a comeback in the Malaysian tax scene, after it was scrapped three years ago to make way for the goods and services tax (GST).

At the end of the day, GST will be abolished in 2 to 3 months and SST will be reintroduced which UBS is already ready for. Once the finer change to final details of SST are announced, Sage will adjust accordingly

If you have any questions, please do not hesitate to reply back to below information, I will be able to assist you further.

Vivid Solutions Sdn Bhd

Tel : 03-91722228
Mobile : 011-10161636

  Click here for Whatsapp chat

Email : infor@vivid.com.my
Website: http://ubssoftware.com.my

     

How to change Sage UBS Accounting GST tax rate from 6% to 0%

Step-by-step screenshots of how to change Sage UBS Accounting GST tax rate from 6% to 0%

Go to General > Miscellaneous Files > Tax Code Maintenance:-



Set Default Sales tax code to new tax code
Go to Housekeeping > Administractive Tools > Setting 3 > Default Tax Code for Sales Tax = SR-0 & TX-0

 

* Please consult your Accountant/Auditor/Tax Agent before you choose either option to ensure proper adherence to this new regulation in your accounts. 

If you have any questions, please do not hesitate to reply back to below information, I will be able to assist you further.

Vivid Solutions Sdn Bhd

Tel : 03-91722228
Mobile : 011-10161636

  Click here for Whatsapp chat

Email : infor@vivid.com.my
Website: http://ubssoftware.com.my

    

Malaysia’s GST will be 0% effective 1 June 2018

The Ministry of Finance of Malaysia has declared that the goods and services tax (GST) will be zero-rated from 1 June.

According to the official release posted on the official Ministry of Finance Facebook page, this will cover both local and imported goods and services. GST isn’t abolished but its current 6% rate will reduce to 0% effective 1 June 2018 nationwide until further notice. This excludes goods and services that are currently GST exempted.

The release also mentions that all registered businesses must follow the new zero rating and they must adhere to the current practice of issuing tax invoices, submission of tax statements and claiming of input tax credit.

 

The Royal Malaysian Customs Department has also shared the same post from the Ministry of Finance. For further clarification, the Royal Malaysian Customs Department is reachable at 1 300 88 8500 or 03-7806 7200.

Link: https://www.facebook.com/JabatanKastamDirajaMalaysia/posts/1777450235657548

 

 

If you have any questions, please do not hesitate to reply back to below information, I will be able to assist you further.

Vivid Solutions Sdn Bhd

Tel : 03-91722228
Mobile/Whatsapp : 011-10161636
Email : infor@vivid.com.my

Website: http://ubssoftware.com.my