Worried your MYOB or ABSS software is not SST compliant? Don’t run the risk – upgrade today!
If your company is required to register for SST, you’d better be running the latest compliant accounting software.
On the 29th of August, we were made aware of the compliance changes that need to be made to our range of accounting software.
We are now working very hard to make those changes to ensure your business will remain compliant.
So for the month of September, we are absorbing the SST price increase on our Premium and Upgrade Cover, regardless of your version.
Take advantage of this offer today and by the end of September, you’ll receive the first phase of the new software release.
Setup Tax Codes – Create the necessary new tax codes which applicable to your business with the
description and tax type, which linked to Sales Tax Payable account as show in below:
S05 – Sales Tax 5%
S10 – Sales Tax 10%
S06 – Service Tax 6%
EX0 – Export Sales 0% (for Export sales)
D05 – Sales Tax 5% – Own Used/Disposed
D10 – Sales Tax 10% – Own Used/Disposed
ESA – Exempt Sales – Schedule A
ESB – Exempt Sales – Schedule B
C12 – Sales Tax 0% (for Local Sales exempted under Schedule C I & II)
C34 – Sales Tax 0% (for Local Sales exempted under Schedule C III & IV)
C5 – Sales Tax 0% (for Local Purchase exempted under Schedule C V)
P12 – Purchase Sales Tax 0% (for Local Purchase exempted under Schedule C I & II)
P34 – Purchase Tax 0% (for Local Purchase exempted under Schedule C III & IV)
P5 – Purchase Sales Tax 0% (for Local Purchase exempted under Schedule C V)
Note: Above suggestion of tax codes is for transition usage before you upgrade the software.
Software Upgrade Schedule