The Inland Revenue Board of Malaysia (LHDN) plans to initiate a pilot project for an electronic invoice (e-invoice) system involving 90 companies starting next May, an increase from the previous 50 companies. The Chief Executive Officer, Datuk Dr Abu Tariq Jamaluddin, noted that this expanded participation offers a chance for representatives from various industries to integrate the e-invoice system into their operations.
IRB Chief Executive Officer, Datuk Dr Abu Tariq Jamaluddin. – BERNAMA file photo
Dr Abu Tariq mentioned during the “Ruang Bicara” program on Bernama TV that more companies have agreed to join the e-invoice pilot project, especially those with revenues exceeding RM100 million. These companies are set to kick off the implementation of this system. He added that the aim is to identify and resolve any arising issues promptly.
The e-invoice initiative, part of the 12th Malaysia Plan (RMK12), aligns with the National e-Commerce Strategic Direction Plan (NESR) 2.0 and the Malaysia Digital Accelerator Program (PEMANGKIN). Initially, 4,000 companies with annual revenues exceeding RM100 million will pioneer the e-invoice implementation, starting from August 1, 2024. Subsequently, companies with annual revenues between RM25 million and RM100 million will adopt e-invoices from January 1, 2025. The e-invoice system will be fully enforced by July 1, 2025.
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