Only 10% of firms registered for GST applying for software subsidy


Many small- and medium-sized enterprises (SMEs) that are eligible for the RM1,000 e-voucher are not aware of it, says Royal Malaysian Customs Department's GST director Datuk Subromaniam Tholasy - Bernama Photo.

KUALA LUMPUR: Only 10% of some 7,000 companies which have registered for the coming goods and services tax (GST) scheme, have applied for the RM1,000 subsidy to upgrade their accounting software to be GST-compliant, says the Royal Malaysian Customs Department.

"Many small- and medium-sized enterprises (SMEs) that are eligible for the RM1,000 e-voucher are not aware of such a benefit," said GST director Datuk Subromaniam Tholasy.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

PepsiCo's first-quarter results beat as international demand drives growth
Spotify profits up, but lower marketing hits user growth
Rafizi: Economy continues to strengthen along with Bursa Malaysia
MAHB's 1Q24 traffic hits more than 90% recovery rate against 1Q19
IRDA's RM636bil investment goal to help propel Malaysia into top 30 global economies
DXN Holdings net profit for FY24 rises to RM310.99mil
Ringgit closes slightly lower against US dollar
Inta Bina bags RM170mil construction job
PETRONAS Gas commits to sustainability, announces total dividend of 72 sen per share
Crest Builder bags RM486mil condo job

Others Also Read