Access UBS : New SST Tax Code Rate 8%

Description #

How to add new SST tax code rate 8%

Solution #

We are currently awaiting the updated SST form from the Royal Malaysian Customs Department (RMCD) before we can release a new version incorporating the 8% enhancement. This delay is due to regulatory requirements and ensures compliance with the latest standards.

In the meantime, please utilize the following workaround to apply the new 8% SST rate.

Modern View:

1. Go to Maintenance, Miscellaneous Files, Tax Code Maintenance
2. Click Add
3. Key in the details below:

• Tax code: SV08
• Description: Service Tax 8%
• Tax%: 8.00
• Transaction Type: Sales
• Tax Method: Leave it blank as it will be filled once we have the updated SST form
• SST Type: Service

As for the report, you can view the reports below:

– Service Tax Report

1. Go to Reports, Tax, Malaysia SST, Service Tax Report
2. Tick ‘Include tax code without tax method‘
3. Click OK

– Service Tax Report (Receipt Based)

1. Go to Reports, Tax, Malaysia SST, Service Tax Report (Receipt Based)
2. Tick ‘Include tax code without tax method‘
3. Click OK

Useful Link : Access UBS Knowledge Base MAIN LINK

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