Sage UBS Software: January 2021

Sage

What’s New
Sage UBS Payroll version 9.9.7.0

9.9.7.0 Changes

The following enhancements are being released:

Enhancement: MY: LHDN YA2021 Income Tax Rate Update for Resident Individual
- Starting from 1st Jan 2021, the income tax band will be reduced by 1% for chargeable income band from RM50,0001 to RM70,000.

Enhancement: MY: LHDN YA2021 Increased in Disable Spouse Relief
- Previously, an additional relief of RM3,500 is given to a resident individual taxpayer whose spouse is disabled. Starting from 1st Jan 2021, the disable spouse relief will be increase from RM3,500 to RM5,000.

Enhancement: MY: LHDN YA2021 Tax Relief Update

Below is the list of Tax Relief update of year assessment 2021 in the system:

a. Increase of Tax Relief on Medical Treatment, Special Needs and Care Expense for Parents

Starting year assessment 2021, the relief amount will be increase from RM5,000 to RM8,000.
In the system, we had updated the tax relief code TR0002 with capping amount RM8,000.00.

b. Expansion of Education Fees (Self)

In the system,
- TR0005 Education Fees (Self) is remain as RM7,000.
- We added a new tax relief code TR0038 with capping amount RM1,000 to which sub-category under TR0005.
Means that, the relief of TR0005 + TR0038 sum up should not be over RM7,000 above.

c. Review of Tax Relief on Medical Expenses for Serious Diseases

In the system, we had updated:
- TR0006 Medical Expenses for serious diseases capping amount from RM6,000 to RM8,000.
- TR0024 Medical Check-up capping amount from RM500 to RM1,000.
- TR0036 Cost of Fertility Treatment capping amount from RM6,000 to RM8,000.
- A new tax relief code TR0039 Vaccination Expense capping amount RM1,000.

d. Additional Tax Relief for Purchase of Sport Equipment, Rental / Entry Fees for Sport Facilities and Registration Fees in Sport Competition

In the system, we had added a new tax relief code TR0040 Lifestyle – Sport capping amount RM500.

e. Increase of Tax Relief for Child Care Fees Paid to a Registered Child Care Centres / Kindergartens for a Child Aged 6 Years and below

In the system, we had updated the tax relief code TR0033 Fees paid to Child Care capping amount RM3,000

f. Tax Relief for Domestic Tourism Expenditure

In the system, we had added a new tax relief code TR0037 Domestic Tourism (Accommodation fee/Entrance fee) capping amount RM1,000.

g. Increase of Income Tax Exemption Limit for Compensation for Loss Employment

In this version, we had updated the formula of Compensation for Loss Employment income tax exemption amount from RM10,000 to RM20,000 for each of completed year of service with the same employer or with companies within the same group for an individual who has ceased employment on or after 1 January 2020 but not later than 31 December 2021.

Enhancement: MY: KWSP YA2021 Employee Contribution Rate Update

The Employees Provident Fund (EPF) reduced minimum statutory contribution rate for employees, from 11% to 9% and the rate will be effective starting January 2021 (February 2021’s contribution) up to December 2021 (January 2022’s contribution). This new rate will only affect the members below age 60.

Enhancement: MY: New CP21 Report Template
In this version, we had enhanced the CP21 report template at Government > Income Tax Reports > CP21

- 2015 Page 1
- 2015 Page 2

Enhancement: MY: Update CP22 Report Template
In this version, we updated the latest version 2020 of CP22 report template at Government > Income Tax Reports > CP22

Enhancement: Payroll Housekeeping Setting
With this version and onwards, you can now be able to select XBM – Payslip as your default pay slip format at Housekeeping >Setup > Parameter Setup > Control > Default Pay Slip Format.