Inland Revenue Board chief executive officer Datuk Mohd Nizom Sairi.
KUALA LUMPUR: The Inland Revenue Board (IRB) is preparing the user requirement for the electronic invoicing system (e-invoicing) that will be implemented next year.
IRB chief executive officer Datuk Dr Mohd Nizom Sairi said it is crucial for the agency to gain a proper start in the development of the e-invoicing system.
“We are in the development phase of the e-invoicing system and expect the pilot project to be implemented in March next year.
“We are now at a very important stage of this initiative in preparing for the user requirement of the e-invoicing system. For this, we need to obtain feedback from all the relevant stakeholders so that the developed system will be able to meet their needs,” he said in an engagement session with the media and industry players yesterday.
The implementation of the e-invoicing system will be carried out in stages, beginning from the end of 2023, focusing on system development and pilot projects with selected taxpayers.
The use of the e-invoicing system will become mandatory for businesses according to their sales figures, starting from June 2024.
On this note, Mohd Nizom said a total of 4,000 companies with revenue of more than RM100mil are set to become the first group to implement the IRB’s e-invoicing system from June 1 next year.
“The trial run will involve companies that are ready to implement the system. The pioneer project is also open to those who are ready to undertake the programme. At the same time, IRB will conduct engagement sessions with various quarters to obtain feedback to ensure that the system implementation proceeds smoothly,” he said.
The first rollout in January 2025 will see the mandatory adoption of the e-invoicing system by companies with a revenue that surpasses RM50mil annually.
