FIRST CLOUD-BASED TAX SOFTWARE IN SOUTHEAST ASIA

ALGOBIZZ Berhad launched its brand new proprietary tax computing software called iBiZZtax Cloud Version today at Berjaya Times Square Hotel. The Malaysian-made software is the first 100% cloud-based system in Southeast Asia.

The product was launched during an appreciation dinner for some of ALgoBiZZ’s clients at the hotel.

According to ALgoBiZZ Berhad CEO Serene See Aik Lian: “This solution was created to cater to the increasing demand of tax professionals who require instant access to client data anywhere, anytime. We are proud to be the first in Malaysia and the first in Southeast Asia to create this product. Moving forward, iBiZZtax will be integrated with other modules such as Secretarial, Accounting and Audit on a single platform.”

iBiZZtax Cloud Version is suitable for various types of small and medium-sized businesses, serving all tax needs. Multiple users can upload tax data remotely through cloud and access the same data from other devices, translating to time savings for users. The software is constantly and continually updated with the latest Malaysian tax law compliance ahead of time before the tax filing period each year.

Among the other key advantages of iBiZZtax Cloud Version are high-level security protection by Dataflex, DigiCert and Microsoft Azure as well as automated backup of users’ data on secure servers with prior year returns stored, accessible to users at any time.

Touted to have a low entry cost and pay-per-use strategy, the software is capable of delivering Tax Return Review Form, Tax Computation, supporting schedules and Statutory Forms (Helaian Kerja and Lampiran) as well as configuration of offline and online push2e-filing modules to the Malaysian IRB e-filing portal.

ALgoBiZZ Berhad states that future updates to the software include the incorporation of the conversion tool, namely Malaysian Income Tax Reporting System (MITRS). “This feature will provide an even more seamless experience and service for our clients,” said See.

The offline version of iBiZZtax was launched 12 years ago and was officially endorsed by the Inland Revenue Board of Malaysia in 2016 on their capability of performing e-Bas e-filing.

One of the users, Huang

Shze Jiun from Baker Tilly HYT (Johor) testifies: “We find that this solution allows us to achieve significant time savings and efficiency. We are a satisfied customer and look forward to future products and innovations from them.” Andrew Tong from Tomax Tax Services Sdn Bhd (Sarawak) added: “We have been using BiZZTAX for nearly 12 years now. BiZZTAX is user friendly, up-to-date and has saved us a lot of time preparing income tax computations. Submission of income tax returns is a breeze with a click of a button.”

About ALgoBiZZ Berhad

ALgoBiZZ Berhad is principally involved in the development, provision and support of taxation software for the Accounting and Taxation Industry. With a proven track record since 2006, it services a total of 400 tax agents and agencies throughout Malaysia. The company continually explores the field of Artificial Intelligence (AI) technology in the tax software industry, and is seeking development and collaboration in other Southeast Asian countries. ALgoBiZZ Berhad was awarded the SME 100 Malaysia Fast Moving Company in 2010, the Multimedia Super Corridor (MSC) status in 2011,

The Most Potential Business and Top 10 Outstanding Emerging Awards received from IEBC in 2018