You may be aware of the government’s plan to introduce GST in replacement of the current sales tax and service tax imposed on certain goods and services.
Yes, Malaysians are already paying for sales tax (5%) on goods such as cooking oil and bread, and on carbonated drinks (10%). Some of you may realize we are also paying 5% service tax on items like legal fees, restaurants, clubs, golf courses, private hospitals, consulting services and others.
While the implementation of GST will ultimately benefit the country in many ways, we will leave it to government representatives who are best placed to present the rationale and reasons why that is so.
The safest and surest way to ensure that your business is ready for the introduction of GST is to invite an experienced tax consultant to conduct a comprehensive review of your business. The tax consultant will assess the impact of GST on your business operations and recommend what needs to be done to ensure compliance. After the recommendations have been carried out, the tax consultant will also need to conduct a post-implementation review to ensure that your business is GST compliant.
Since the tax consultant will need to spend some time reviewing, preparing a recommendation report and conducting the post implementation review, the consulting fees will easily run into several thousand ringgit.
As an established and trusted business software supplier, we believe our main responsibilities will be to ensure that our software supports changes due to GST and to provide services to help our customers comply with GST as quickly and painlessly as possible, and equally important, in an affordable way.
For small businesses, GST compliance starts with having a proper understanding of GST concepts and regulations. We realize that practical GST knowledge and dependable experience is not readily available and therefore will be relatively costly. This is why we are collaborating with Pivotal Times Sdn Bhd, a specialist GST services company. Through this collaboration, we have access to not only practical GST knowledge and experience to educate our customers, but also follow up services to help customers meet GST requirements.
Highlights
MOU Signing Ceremony between Sage Malaysia and Institut Kojadi
Sage UBS and Institut Kojadi work hand in hand to provide a Sage UBS Certificate Course for school leavers. Sage Malaysia's Corporate Affairs Director, Tern Pun Hiang and Kojadi's Chief Executive, Lam Lai Meng. Read more
Top 7 Microsoft ISV Award
Sage UBS was recognized as one of the Top 7 Microsoft ISV in the Windows 7 : The New Efficiency Launch 2010. Inset - Andrew Pickup, COO Microsoft Asia Pacific and Michael Cho, CEO Sage Malaysia. Read more
Sage & Imagine Cup 2010
Sage UBS was invited & represented by Product responsible, Desmond Phoon to be one of the judges at Imagine Cup 2010 in Langkawi. This year's winner from APIIT-UCTI will represent Malaysia in the worldwide finals in Poland. Inset - Desmond, Sage Malaysia Read more
Knowledge and Preparation : GST
Sage was the main sponsor of the national conference on GST : Roadmap to Malaysia's New Indirect Tax organized by ISI of University Technology of Malaysia. Inset : YB Dato' Seri Ahmad Husni Bin Mohamad Hanadzlah, Finance Minister II and Michael Cho, CEO Sage Malaysia. Read more
Sage UBS Service Centre
The setting up of Sage UBS Service Centers by our dedicated partners is a demonstration of our continuous focus on uplifting the level of customer service and improving the user Read more
