Best Contact Centre Professional (Best 100 Seats) Gold, Silver & Bronze 2009
Best Telemarketing Call Centre (Open) 2009
Gold Award Best Mystery Shopper Results Award 2009 MYOB Payroll v3 We have added some significant changes to this release of MYOB Payroll. These include new feature updates plus significant compliance changes. Please take time to read the changes below. Failing to upgrade will mean your PCB submission and monthly deductions will be incorrect. Payroll forms such as CP39, CP39A, Borang A and Borang 2 created under the older version prior to version3, will not be accepted by LHDN and SOCSO. Accounting software for Malaysian businesses Mind Your Own Business. 1 300 88 0883 cs.my@myob.com.my www.myob.com.my Compliance changes The following changes have been introduced for the 2013 assessment year. MYOB Payroll has been modified to process your payroll information in accordance with the following requirements. - The income tax rate has been reduced by 1% for individuals earning between RM2,500 and RM50,000. - The rebate for an employee who has a child over 18 years of age who is studying at university or equivalent has been increased from RM4,000 to RM6,000. - The rebate for an employee who has a disabled child studying at university or equivalent has been increased from RM9,000 to RM11,000. - The subscription fee for broadband internet is no longer allowed as a deduction. It has been removed from the optional deductions in the Monthly Tax Deduction (MTD) calculation. - Fees and Levy rebate information is no longer included in the MTD calculation. - The limit for net deposits in the National Education Savings Scheme /Skim Simpanan Pendidikan Nasional (SSPN) has been increased from RM3,000 to RM6,000. Label changes in printed forms In the following printed forms, some labels have changed from previous versions: - Tax form CP39 or CP39A for the 2013 tax year - SOCSO forms Borang 8A and Borang 2. New Features MYOB Payroll v3 now provides added tax calculation for employees who fall under: - The Returning Expert Programme (REP) introduced to facilitate the return of Malaysian professionals from overseas. Plus - The Iskandar Specified Regions - the new southern development corridor in Johor that has been identified as one of the catalyst developments to spur the growth of the Malaysian economy New Monthly Tax Deduction (MTD) calculation option The new options have been added to the Card File Information window to help calculate the MTD for employees: - who work under the Returning Expert Program - who work at ISKANDAR specified regions. Best Contact Centre Professional (Best 100 Seats) Gold, Silver & Bronze 2009 Best Telemarketing Call Centre (Open) 2009 Gold Award Best Mystery Shopper Results Award 2009 Accounting software for Malaysian businesses Mind Your Own Business. 1 300 88 0883 cs.my@myob.com.my www.myob.com.my Additional Compliance Changes - Effective 1 January 2013, there are amendments to the category of remuneration for the purpose of PCB calculation as follows: - With the above changes commissions and allowances not paid monthly remains under additional remuneration category. How to process this information in MYOB Payroll Under Setup for Overtime please change category from Additional Wages to Ordinary Wages. Do the same for the other related remuneration. Please take note that these changes will be enforced 1st July 2013 by LHDN. Type of Remuneration Category of Remuneration Previous Current i. Overtime Additional Normal ii. Commission Additional Normal (paid monthly with non-fixed amount) iii. Allowances Additional Normal (paid monthly with non-fixed) Best Contact Centre Professional (Best 100 Seats) Gold, Silver & Bronze 2009 Best Telemarketing Call Centre (Open) 2009 Gold Award Best Mystery Shopper Results Award 2009 Whats New in MYOB Payroll 3.1 This is a follow up to our release on the Budget 2013 changes. With MYOB Payroll 3.1 you will receive an update on PCB 2(II) form. There is a total change in section 2 and a new section 3 added. Please refer to diagram below for a better understanding. Accounting software for Malaysian businesses Mind Your Own Business. 1 300 88 0883 cs.my@myob.com.my www.myob.com.my OBSELETE VERSION OF PCB FORM UPDATED 2013 PCB 2(II) FORM Update 1: Section 2 LHDN requires customers to provide more details on deductions for the current year specifically for column 2 (Amount), 3 (Receipt Number), 4(Receipt Date) of PCB 2 form. PCB and CP38 details are split and detailed separately. See the updated PCB 2(II) form for the correct format. Update 2: New section 3. Valid if tax deduction for prior year earnings are processed in this years pay run. Valid when CP39 Payment exists in the 2013 pay run. These changes take effect for the 2013 PCB 2(II) submission. This is a signification update to the PCB 2(II) form by LHDN. Please take note that older versions are obsolete and will not be accepted by LHDN.