The Inland Revenue Board (LHDN) has no intention of extending the enforcement period for the electronic invoicing system (e-invoice), set to be fully operational by July 1, 2025. According to its Chief Executive Officer, Datuk Abu Tariq Jamaluddin, companies with an income exceeding RM100 million will start implementing the system from August 1. Meanwhile, for Small and Medium Enterprises (SMEs), there is approximately one year remaining for companies to integrate into the system.
“On the LHDN side, we will provide all the facilities to help small entrepreneurs, among which we have a free portal for them.
“What is important is for us to educate them on how they can use this facility. IRB will take this year to meet with all small traders to explain how they can participate in this program (e-invoicing).
“Currently we do not have any more proposals to extend the time but rather to provide education and exposure to them (SMEs) on how they can participate in this e-invoicing,” he told reporters when met at the IRB 2024 Raya Celebration: Gema Lebaran Aidilfitri here on Tuesday.
Abu Tariq explained, various programs have been planned through IRB offices throughout the country to help taxpayers and entrepreneurs who want to submit e-invoices.
Earlier, the IRB informed that companies involved in the implementation of the e-invoicing pilot project can start accessing the testing environment (Sandbox) of MyInvois from April 10.
The e-invoicing initiative under the 12th Malaysia Plan (RMK12) was introduced in line with the National e-Commerce Strategic Roadmap (NESR) 2.0 and the Digital Malaysia Catalyst Program (PEMANGKIN).
A total of 4,000 companies that earn more than RM100 million a year are targeted to be the first group to be involved in the implementation of e-invoicing which will be implemented from 1 August.
Companies with annual income or sales above RM25 million and up to RM100 million, will start using e-invoicing on 1 January 2025, with full enforcement on 1 July 2025.
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