Aug 8, 2010

MYOB Singapore version is GST compliant

If you are looking for a GST-ready software to prepare yourselves for the introduction of GST in Malaysia, then you should consider MYOB software.

The reason being, their Singapore version of MYOB software (MYOB Premier v12.3, and MYOB Premier Plus v 12.3) are already compliant with the GST rulings under Singapore Inland Revenue Authority of Singapore (IRAS).  See the IRAS website for the confirmation that MYOB is GST-compliant.

This means that the MYOB Singapore software is complaint with the requirements set out in the Singapore IRAS e-Tax Guide.  In addition, the MYOB Singapore version has additional GST reports to help the users complete the Singapore GST submission through e-filing.

If the Malaysian GST system is modelled after Singapore (or Australia and New Zealand) , then it will be a 'piece of cake' for the Malaysian MYOB software version to be transformed  from GST-ready to GST-compliant.  (Note : MYOB software is a serious software player in Australia, New Zealand and Singapore)

The MYOB version that is being currently distributed in Malaysia is Premier v12.2, which is 1 version behind the Singapore version. 

In order for the MYOB software (Malaysian version) to be GST compliant, it will need to wait for the Malaysian Government to come out with its own set of GST guidelines, and e-filing reports, and inlcude the reports in the MYOB software.

This GST logo can be found on official MYOB documents.

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