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

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.

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

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.

UBS Building Services And Maintenance (BSM)

Due to increasing of property management, UBS had design the essential property management tools.

The benefit of this software is paperless systematic storage of database, easy retrieval of information, creating an efficient and productive environment. This include it able auto generation of invoice at a click of a mouse as well as auto calculation of charges and late interest, accuracy assured. This system able to reduce manpower and labor cost because only one person needed.

The features of UBS Building Service And Maintenance:
- Archives records. Retrieval of owner / property details / collection information at a click of a mouse.
- Auto generation of invoices for recurring periodical charges.
- Aging reports for tracking and collection purposes.
- Auto late interest calculation. Accuracy assured.
- Numerous level of security
- Integrated with UBS Accounting.

UBS Building Service And Maintenance able to print management report such as invoice list, payment list, deposit payment list, late charges list, owner aging, reminder forecast, property listing, property transfer listing, property owner listing, outstanding invoice and interest.

Who should buy this software:
- Joint Management Body (JMB)
- Badan Pengurusan Bersama
- Condominium management
- Pangsapuri management

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