Changes to the Tax Codes

Changes to the Tax Codes

Several changes has been implemented to the tax codes used in AutoCount Accounting. When updating to this version, the system will generate a file to show what changes is done to which tax code. The user can then save and open the file to review the changes done to the tax codes in AutoCount Accounting. One of the most minor changes is the discontinuation of the usage of the _ (underscore) symbol inside the tax code. All tax codes will instead now use the – (dash) symbol inside itself.

A major change to the tax code line up in AutoCount Accounting are the addition of new tax codes. The following table illustrates the new additions to the Supply Tax Codes.

Tax Code	Description	Rate	Government Tax Code	Special Note
ZDA	Output Tax 0% – Zero Rated Supplies to Designated Area	0%	ZDA
ZDA-CG	Output Tax 0% – Zero Rated Supplies of Capital Goods to Designated Area	0%	ZDA
SR-MS	Output Tax 6% – Standard Rated Supplies under Margin Scheme	6%	SR-MS
SR-JS	Output Tax 6% – Standard Rated Supplies under Jeweller Scheme	6%	SR-JS	While available, the system does not support the Jeweller Scheme at the time of writing.
OS-ER	Output Tax 0% – Out of Scope Supplies for Enforcement and Regulatory functions	0%	OS-ER
OS-OV	Output Tax 0% – Out of Scope Supplies between overseas country with other overseas country	0%	OS-OV
NS	Output Tax 0% – Non-supply	0%	NS

The following is the new addition for the Purchase Tax Codes

Tax Code	Description	Rate	Government Tax Code	Special Note
RP	Input Tax 0% – Relief	0%	RP
TX-FRS	Input Tax 2% – Purchase under Flat Rate Scheme	2%	TX-FRS
TX-NC	Input Tax 6% – GST incurred and choose not to claim the input tax.	6%	TX-NC
TX-ER	Input Tax 6% – To perform regulatory and enforcement functions by local authority or statutory body.	6%	TX-ER
IM-RE	Input Tax 6% – Import of Goods to make both taxable and exempt supplies	6%	IM-RE
NP	Input Tax 0% – Purchase treated as Non-supply	0%	NP

Other than the new additions, some updates is also applied to some of the original tax codes. Below is the table describing the changes done to the Supply Tax Codes.

Tax Code	Description	Rate	Government Tax Code	Special Note
GS	Output Tax 0% – Disregarded Supplies	0%	GS	The GST-03 Mapping is updated to Field 13.
IES/td>	Output Tax 0% – Incidental Exempt Supplies	0%	IES	Replaces the old tax code ES43
ES-GU	Output Tax 0% – Exempt Supplies Of Land For General Use	0%	ES	Replace the old tax code ES_LGU
OS-OVT	Output Tax 0% – Out of Scope Supplies Of Oversea which are taxable in Malaysia	0%	OS	Replace the old tax code OS_O
SR-CG	Output Tax 6% – Disposal of business assets	6%	SR	Replace the old tax code SR_C
ZRE-CG	Output Tax 0% – Zero Rated Supplies Of Capital Goods (Exports)	0%	ZRE	Replace the old tax code ZRE_C
OS-CG	Output Tax 0% – Out Of Scope Supplies Of Capital Goods	0%	OS	Replace old tax code OS_C
RS-CG	Output Tax 0% – Relief Supplies Of Capital Goods	0%	RS	Replace the old tax code RS_C
GS-CG	Output Tax 0% – Disregarded Supplies Of Capital Goods	0%	GS	Replace the old tax code GS_C
ES-CG	Output Tax 0% – Exempt Supplies Of Capital Goods	0%	ES	Replace the old tax code ES_C

The following shows the changes done to the Purchase Tax Codes

Tax Code	Description	Rate	Government Tax Code	Special Note
TX-CG	Input Tax 6% – Capital Goods Acquired To Make Taxable Supplies	6%	TX-CG	Replace the old tax code TX_C
TX-ES	Input Tax 6% – To make Non-Incidental Exempt Supplies	6%	TX-ES	Replace the old tax code TX-N43
TX-IES	Input Tax 6% – To make Incidental Exempt Supplies	6%	TX-IES	Replace the old tax code TX-E43
IM-CG	Input Tax 6% – Import of Capital Goods	6%	IM-CG	Replace the old tax code IM_C
IS-ATMS	Recipient self-accounting done by local customer under the ATMS	0%		Remove the government tax code associated to it
TX-IES-CG/td>	Input Tax 6% – Capital Goods Acquired To make Incidental Exempt Supplies	6%	TX-IES	Replace the old tax code TX-E43_C
TX-ES-CG	Input Tax 6% – Capital Goods Acquired To make Non-Incidental Exempt Supplies	6%	TX-ES	Replace the old tax code TX-N43_C
TX-RE-CG	Input Tax 6% – Residual Input Tax of Capital Goods	6%	TX-RE	Replace the old tax code TX-RE_C