E-invoice rethink is hailed
Published on: Saturday, June 07, 2025
Published on: Sat, Jun 07, 2025
By: David Thien Text Size: Lim and Ng. Kota Kinabalu: The Small and Medium Enterprises Association of Malaysia (Samenta) hails the government's rethink on e-invoicing requirements and hopes that its call for the government's rethink on stamping of employment contracts will resolve the issue. The Inland Revenue Board's (LHDN) has just announced that taxpayers with an annual income or sales below RM500,000 are exempted from the implementation of the e-Invoice system.
Advertisement This was what Samenta has fought for in the interests of Micro, Small, and Medium Enterprises (MSMEs) in Malaysia, initially just getting a RM150,000 exemption. Supported by its Sabah head Dato' George Lim, Samenta president Datuk William Ng said the stamping issue goes beyond legal interpretation but it is about operational feasibility. They said the sudden shift from a passive regime to active enforcement, coupled with retrospective audits and penalties, is perceived as punitive rather than developmental. Subscribe or LOG IN to access this article.
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