Yeo Bee Yin calls for e-invoice threshold to be raised to RM3 million to reduce burden on micro and small traders, citing sector income disparities.
KUALA LUMPUR: The government has been urged to refine the e-invoice implementation threshold to avoid excessive burdens on micro and small traders.
Yeo Bee Yin (PH-Puchong) (pic) said the current threshold set between RM1 million and RM5 million needs revision. She highlighted that most small traders are in the services sector with lower income levels, making them more vulnerable.
“For small traders category, the definition is that five per cent are under the manufacturing category where the income range is between RM300,000 and RM15 million, while 95 per cent fall under the services and other categories, where the income range is between RM300,000 and RM3 million,” she said during the Dewan Rakyat debate.
The government had previously postponed e-invoice implementation for companies with annual sales between RM1 million and RM5 million by one year. Yeo argued the threshold differences would significantly impact small traders required to comply by 2027.
She estimated that raising the threshold to RM3 million would require only about 12,000 to 15,000 small traders to implement e-invoicing. Maintaining the existing threshold would significantly increase the number of affected traders, raising questions about the policy’s cost-benefit balance.
