Digital Minister Gobind Singh Deo.
PETALING JAYA: The mandatory implementation of e-invoicing may result in some challenges for the small and medium enterprises (SMEs) at first, but it is necessary for future benefits, says Digital Minister Gobind Singh Deo.
“We have received some suggestions and have learnt that SME’s are concerned they will need to pay more. We will see how the government can help,” he said.
“We are open to feedback and views that will help improve the system and make things easier for all,” he added after launching the National e-invoicing open day and accreditation ceremony here yesterdayThe e-invoicing system will go into effect on July 1, 2025 and costs will include training, documentation and system upgrades.
Gobind added that other than saving money in the long run, the e-invoicing system would also help businesses become more productive and efficient.
“Money will be saved if businesses consider the overall impact. Making everything digital will make things go faster and businesses should be able to see increases in monthly incomes,” he noted.
Gobind also said the ministry would facilitate the e-invoicing process.
“We’re doing that by looking at three main pillars namely infrastructure, security and talent development.
“We need to think about measures as well as how we can make sure that all businesses adopt technology, in the sense that they are aware of what the technology is and how to use it to the best of their abilities,” he said.
