GST to boost Malaysia’s enterprise software market: IDC
Businesses need to improve or update legacy structures to be GST-compliant 2013 sales noticed 0.four% YoY decline, IDC forecasts 6-8% revenue boom for 2014 THE contemporary IDC’s company software program forecast suggests that the upcoming implementation of the Goods and Services Tax (GST) in 2015 is one of the key drivers for boom in the Malaysian business enterprise utility (EA) marketplace. IDC expects 2014 to be a much higher year compared to 2013, the market research and analyst company said in a statement. The new tax regime could be a lift to many EA companies as it forces corporations to both improve or replace their legacy machine with a system that is GST compliant. “With GST getting into effect within the early component (April) of 2015, we expect there can be a scramble from businesses to be fully GST-prepared in step with authorities policies,” said Wong Yih-Khai (p.c) , market analyst, software program, IDC Malaysia. “The implementation might be one of the c...