the sun malaysia ipaper logo 150x150
Wednesday, July 22, 2026
27.5 C
Kuala Lumpur
the sun malaysia ipaper logo 150x150

Malaysia’s e-invoice system sees 735 million issued by 108,000 taxpayers

735 million e-invoices issued by 108,000 taxpayers in Malaysia, with phased rollout continuing for businesses with annual sales below RM5 million.

KUALA LUMPUR: Malaysia’s e-invoice system has recorded 735 million e-invoices issued by 108,000 taxpayers as of November 21, 2025.

Deputy Finance Minister Lim Hui Ying revealed that 64,317 taxpayers have implemented e-invoicing mandatorily across three phases.

She noted that approximately 44,000 taxpayers from the fourth and fifth phases have voluntarily adopted e-invoicing ahead of schedule.

“This demonstrates the effectiveness of e-invoicing, with a high level of acceptance and compliance among taxpayers,” Lim said during Parliament.

The government has introduced a phased rollout to support micro, small and medium enterprises in preparing for e-invoicing.

Phase four beginning January 1, 2026 will cover businesses with annual sales between RM1 million and RM5 million.

Phase five starting July 1, 2026 will include businesses with annual sales between RM500,000 and RM1 million.

Small traders with annual sales below RM500,000 are exempt from e-invoicing requirements.

“This exemption benefits small businesses, which will not incur additional costs to acquire the technical skills needed to implement e-invoicing,” she explained.

The government has made available the MyInvois portal developed by the Inland Revenue Board to assist MSMEs.

The MyInvois portal is freely accessible for sending e-invoices with a mobile application also available.

The MyInvois ePOS system serves as a digital point-of-sale platform for real-time e-invoice issuance.

Lim was responding to a question from Datuk Awang Hashim regarding e-invoicing implementation and its impact on tax compliance. – Bernama

STAY AHEAD OF THE CURVE

Join our community for instant updates and exclusive content.

Join Telegram Channel

Related


spot_img

Latest News

Lebanon and Israel set for next talks in Italy

Lebanon and Israel will hold their next US-brokered talks in Italy on August 4 as both sides begin implementing a plan for Israeli withdrawals and Lebanese army deployments.

Most Viewed

spot_img
WC26

World Cup 2026

Updates, Fixtures, Results & Standings