Firms need to upgrade accounting software

Yong says such software upgrades cannot be done at the last minute, as extensive preparation is required.

KUALA LUMPUR: Many businesses are unaware that they need to upgrade their accounting software to comply with the looming goods and services tax (GST), said tax consultant Yong Poh Chye.

Yong, who is executive director of Tax Advisory and Management Services Sdn Bhd (TAMS), warned that such software upgrades could not be done at the last minute, as extensive preparation was required.