What’s new | Accounting v28.1 and Premier v23.1

In this release, ABSS have extended tariff code selection into all types of Sales layout.
Also included are SST compliance updates and some minor enhancements.

New SST tax types

New SST tax types, as shown in the table below have been added for use in line with Royal Malaysia Customs Department (RMCD) requirements to report Imported Services, Exempted Taxable Services and Sales Tax Credit Deduction.

SST Sub Type Sub Type Description Transaction Rate Other Rate
IMV06 Import Service Tax 6% 0% 6% (Imported Service)
IMN06 Import Service Tax 6% (Non registered) 0% 6% (Imported Service)
OTH Other Purchase Service Tax 0%
PD02 Sales Tax Credit Deduction 2% 5% 2% (Claimable)
PD04 Sales Tax Credit Deduction 4% 10% 4% (Claimable)
TD06 Exempted Taxable Service 0% 6% (Exempted)

IMV06 and IMN06 both are meant to track the purchase of Imported Services

  • IMV06 is to be used by SST-registered persons only. Payment will reflected in field 13(c) of SST02 report.
  • IMN06 is to be used by Non-SST registered persons only, and payment will reflected in SST02A report.

OTH is used by Non-SST registered person, and payment will reflect in field 10(b) of SST02A report.

PD02 and PD04 are for SST-registered persons to record Purchases which are eligible for Sales Tax Credit Deduction of 2% and 4% respectively. These two new tax codes have a new field – Claimable Rate in Tax Code Information window, which defaults at 2% and 4%.

However, you may alter this value whenever authority updates it to a different rate. With the use of these tax codes, the Sale Tax Credit Deduction amount will be reflected in field 13(b) of SST02 report.

PD02 and PD04 are for SST-registered persons to record Purchases which are eligible for Sales Tax Credit Deduction of 2% and 4% respectively.

These two new tax codes have a new field – Claimable Rate in Tax Code Information window, which defaults at 2% and 4%.

However, you may alter this value whenever authority updates it to a different rate.

With the use of these tax codes, the Sale Tax Credit Deduction amount will be reflected in field 13(b) of SST02 report.

TD06 is used by a merchant to record Exempted Taxable Services in field 18(c) of SST02 report. In its Tax Code Information window, there is a new field Exempted Rate, which defaults at 6%.

This is to track the exempted tax amount, which can then be displayed on the Invoice.

You may alter the Exempted Rate whenever authority
updates it to a different rate.

Note: It is RMCD requirement to display exempted tax amount (if any) on invoices of the merchant.

ABSS SST Tax Code List

New Tax Code List for newly created data file will be as follows:

Updated SST02 Detail Report

SST02 [Detail] report has been updated to reflect the newly added tax codes for Sales and Services Tax.

SST Sub Type Sub Type Description SST02 Summary/Detail SST02A Detail
IMV06 Import Service Tax 6% Field 11 (c)
PD02 Sales Tax Credit Deduction 2% Field 13 (b) tax amount
PD04 Sales Tax Credit Deduction 4% Field 13 (b) tax amount
TD06 Exempted Taxable Service Field 18 (c)
IMN06 Import Service Tax 6% (Non registered) Field 10 (a) Taxable service, tax payable
OTH Other Purchase Service Tax Field 10 (b) Taxable service, tax payable
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