The Malaysian Prime Minister
recently announced that application is opened for Malaysian SME’s to apply for software
subsidy of Rm 1000.00. The software subsidy is in the form of eVoucher. The eVoucher of RM
1000.00 can be used by small and medium enterprises (SMEs) to purchase or
upgrade GST-compliant accounting software from participating vendors.
MYOB Malaysia is a
participating vendor for purposes of claiming the Rm1000 subsidy for purchase or upgrade GST-compliant accounting software. The latest version of MYOB software, MYOB Premier v`15 and MYOB Accounting v20, released in May 2014 is approved for GST subsidy purposes.Perisian Perakaunan bersubsidi diluluskan oleh Kerajaan Malaysia. No Rujukan Kelulusan JKDM KE. HF (121) 426/05-29
Therefore we strongly urge all the Malaysian SME's to grab the opportunity to get a slice of the subsidy.
The total subsidy is Rm15million, which means only 150,000 companies will get the subsidy.
Here’s how you can get your Rm1000.00 software subsidy
1. register for GST at MyGST to get the GST Identification number
2. register with SMECORP to get the eVoucher
5. submit the voucher to the participating vendor ( www.pglbusiness-services.com )
Conditions for applying the grants
1. fulfill conditions of SME definition
2. at least 51% equity owned by Malaysians
3. the company should not be listed on the Stock Exchange of Malaysia or other countries
4. the company should not be a subsidiary of a listed company, an MNC, or GLC
New Definition of SME
With effect from June 2013, there is a new definition of SME, which is simplified as
Manufacturing sector
Sales turnover not exceeding RM50 million OR full-time employees not exceeding 200 workers
Services and other sectors:
Sales turnover not exceeding RM20 million OR full-time employees not exceeding 75 workers
Supporting documents for the GST financial subsidy
Supporting documents that need to be submitted to SME Corp. Malaysia for the purchase or upgrade of GST approved accounting software:
Application is opened form June 1, 2014 to December 31, 2014.
- eVoucher
- Invoice
- Receipt
- Confirmation by SMEs
- received deduction / discount of RM 1,000
- software has been installed and functioning
- attended the software training
Application is opened form June 1, 2014 to December 31, 2014.
Our company PGL Business Consult is an approved partner for MYOB Malaysia