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The government views e-invoicing as a necessary step to curb tax evasion, improve compliance and ultimately enhance Malaysia's business competitiveness.
KUALA LUMPUR: Small and medium enterprises (SMEs) with annual sales turnover of RM500,000 and below have been given a six-month extension to comply with e-invoicing, says Datuk Seri Amir Hamzah Azizan.
Kuala Lumpur: Micro, small and medium enterprises (MSMEs) with annual sales of RM500,000 and below have been given a six-month extension to comply with e-invoicing.
PUTRAJAYA: The Inland Revenue Board (LHDN) has identified 66,000 businesses on e-commerce platforms that either do not have or do not comply with the estimated tax instalment payments under the Income Tax Act 1967.
PUTRAJAYA: The Inland Revenue Board (LHDN) has identified 66,000 businesses on e-commerce platforms that do not comply with the estimated tax instalment payments under the Income Tax Act 1967.
The implementation of e-Invoicing, which began on Jan 1, is an important digitalisation step by the Inland Revenue Board (IRB) to benefit from data transparency and real-time information on business transactions.
PUTRAJAYA: Phase Three of the e-invoicing initiative has received over 4,900 early voluntary participants, according to the Inland Revenue Board (LHDN).
PUTRAJAYA: Phase Three of the e-invoicing initiative has received over 4,900 early voluntary participants, according to the Inland Revenue Board (LHDN).
PETALING JAYA: Despite companies grappling with the mandatory adoption of e-invoicing, the Inland Revenue Board (LHDN) is not planning to extend the Feb 1 soft-landing deadline.
KUALA LUMPUR: The Inland Revenue Board (LHDN) has received 114 million e-invoices from 9,000 taxpayers as of Thursday (Dec 26).
PETALING JAYA: The government should consider extending the threshold for e-invoicing implementation for micro, small and medium enterprises (MSMEs), says Datuk Seri Dr Wee Ka Siong.
KUALA LUMPUR: CIMB Bank Bhd, in collaboration with Payments Network Malaysia Sdn Bhd (PayNet), has launched Malaysia’s first payment terminal with automated e-invoice capability.
THE shift to e-invoicing in Malaysia, led by the Inland Revenue Board (LHDN), represents a leap towards digitalisation, bringing key advantages for businesses in Malaysia.
PETALING JAYA: A total of 7,900 companies have adopted the e-invoice system, involving 87 million issuance overall as of Nov 19, says the Finance Minister.
KUALA LUMPUR: There are no plans at the moment to raise the threshold for the implementation of e-invoicing by micro, small and medium enterprises (MSMEs) in July next year says Lim Hui Ying.
MALAYSIA'S business sector is entering a transformative era with the implementation of mandatory e-invoicing approaches.
KUALA LUMPUR: A total of 7,900 companies have implemented the e-invoicing system, with 87 million e-invoices generated as of Nov 19, says Lim Hui Ying.
PETALING JAYA: With the end of the e-invoicing relaxation period fast approaching, businesses are voicing concerns about the complexities of self-billed e-invoices.
KUALA LUMPUR: It is estimated that over 90 per cent of entrepreneurs, especially those with an annual income of RM25 million or less, have yet to adopt the e-invoicing system introduced on Aug 1.
KUALA LUMPUR: Some 58 million e-invoices have been issued since the system's rollout on Aug 1 this year, the Finance Ministry reports.
