Release Date: 19 January 2024 (Friday)
Version: 1.9
This document outlines the essential compliance updates and enhancements introduced in Financio Payroll version 1.9 to ensure your payroll system aligns with the latest regulations in Singapore and Malaysia. We strive to continuously improve your payroll experience by simplifying compliance and minimizing potential penalties.
This Compliance Update is to applies to:
Financio Payroll (Essential) | Financio Payroll (Premier) |
YES (√) | YES (√) |
Version 1.9 Updates for Singapore:
A. GST 9% Invoice Update:
Following the increase in Singapore's Goods and Services Tax (GST) from 8% to 9%, the Financio Payroll subscription invoice format has been updated accordingly.
You can download the new invoice layout with the revised GST rate from the Company Settings > Subscription menu to download the latest invoice layout.
Kindly find the attached image for your reference:
B. T-format Payslip Enhancement:
Version 1.9 introduces the ability to view your total unpaid leave taken in a month directly within the T-format payslip. This provides easier access to crucial leave information.
Kindly find the attached image for your reference:
Version 1.9 Updates for Malaysia:
C. SOCSO and EIS Combined Text File Update:
The first column of the combined SOCSO and EIS text file now displays the employer's SOCSO number, further streamlining statutory reporting.
D. Minor Updates on Statutory Forms:
Several statutory forms have been updated to include company representative details retrieved from the employee profile and company contact information. These revised forms include:
Form Name | Field Updated |
Form A KWSP | Jawatan |
Form C39 | No Pengenalan, Jawatan, No Telefon |
Form E | No Pengenalan, Tarikh, Jawatan |
Form EA | Jawatan |
Form PCB II | Jawatan, No Telefon |
We recommend reviewing and incorporating these updates into your payroll process to ensure smooth adherence to the latest regulations.
We are confident that Financio Software Version 1.9 will empower you to take control of your finance and payroll with greater efficiency and precision.
Should you have any questions or require further clarification, please do not hesitate to contact Financio Support.
Thank you for using Financio Payroll.
Comments
0 comments
Article is closed for comments.