
IRB urges businesses to adopt e-Invoicing ahead of deadline
KUALA LUMPUR: Businesses ready to adopt the e-Invoice system are encouraged to begin the transition immediately, even if their mandatory implementation phase has not yet started.
Inland Revenue Board (IRB) chief executive officer Datuk Dr Abu Tariq Jamaluddin said the agency welcomes early adoption from businesses, stressing that there is no need to wait for the official rollout timeline.
"We encourage all traders who are ready to participate in the e-Invoice system to do so. They are actually welcome to join without waiting for the designated timeline," he told reporters after visiting Media Prima News and Current Affairs Division facilities in Balai Berita, Jalan Riong, Bangsar today.
IRB on last Thursday said that the implementation phase for e-invoices for taxpayers with annual income or sales exceeding RM1 million but not exceeding RM5 million has been postponed to Jan 1, 2026.
Meanwhile, the implementation phase for taxpayers with annual income or sales up to RM1 million has been postponed to July 1, 2026
Taxpayers with an annual income or sales below RM500,000 are exempted from the implementation of the e-Invoice system.
The board said the decision was made after the government acknowledged the efforts of taxpayers, particularly micro, small and medium enterprises (MSMEs), to comply with e-invoicing legal requirements, which demand sufficient preparation time and pose numerous implementation challenges.
E-invoicing has been implemented in phases since last year, with the first phase starting on August 1 for businesses with annual revenue over RM100 million.
The second phase began on January 1 this year, extending the requirement to businesses with annual revenue between RM25 million and RM100 million.
Abu Tariq said both phases have received a positive response, with more than 300 million e-invoices successfully submitted to date.
He added that although there is no specific revenue target for the initiative, improved record-keeping is expected to lead to an overall increase in tax collection over time.
"Our aim is not only to improve tax compliance but also to help businesses maintain more accurate and organised records. This will support better reporting and ultimately contribute to more effective tax administration.
"We don't have a specific target for this initiative but we expect that with better record-keeping, tax collection should also continue to increase," he added.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Borneo Post
an hour ago
- Borneo Post
KTC acquires RM40 million land at KKIP to develop largest integrated hub
Dexter Lau KOTA KINABALU (June 11): Kim Teck Cheong Consolidated Berhad (KTC), a leading fast-moving consumer goods distributor in East Malaysia, has successful acquired land valued at RM40 million at Kota Kinabalu Industrial Park (KKIP) for the development of KTC Industrial Park, the Group's largest integrated hub for operations, logistics and manufacturing. The latest investment is poised to expand KTC's existing operational base by 40 percent, while revenue is expected to surge by extra 50 percent. This strategic move will drive the KTC's annual turnover to the tune of RM1.5 billion to RM1.6 billion, further solidifying its position as a leading company in Sabah, East Malaysia and Borneo Island. KTC Executive Director Datuk Dexter Lau said this strategic investment marks a significant milestone in the group's long-term growth strategy and is set to support its expansions over the next five years. The newly acquired land is situated in a high-growth industrial zone and will serve as the foundation for KTC's future developments in warehousing, logistics infrastructure, transportation fleet, and operational facilities. This expansion is expected to enhance operational efficiency, streamline supply chain capabilities, and further strengthen the Group's presence in both existing and new markets across Malaysia. The KTC Industrial Park is set to become one of the largest FMCG distribution centres in the region, designed to efficiently serve markets across Sabah, Sarawak, Brunei and Indonesia. 'This investment is a strategic move that position us for sustainable growth. As we continue to upscale our operations, this land will provide the space and infrastructure needed to meet growing demand to serve our business partners effectively,' said Lau. He emphasized that the acquisition is aligned with KTC's mission to build long-term value through operational excellence and strategic foresight. The new KTC Industrial Park will significantly enhance the Group's logistics capabilities, enabling it to meet the increasing demand for FMCG products across multiple regions. 'This development not only reflects our commitment to operational excellence and regional economic growth, but is also expected to create job opportunities and drive the expansion of a broader supply chain ecosystem in East Malaysia and surrounding regions.' Lau also revealed KTC has already surpassed RM1 billion in revenue as of June this year, and is continuing on a strong growth trajectory. He shared that KTC's total operational area currently spans 500,000 square feet. With the development of the KTC Industrial Park on the newly acquired 15-acre land in KKIP, the Group's operational base will increase significantly by 40 percent, while its revenue is projected to grow to RM1.5 billion to RM1.6 billion. 'We will begin construction of the KTC Industrial Park in KKIP as soon as possible, with a total investment of RM100 million. 'The industrial park is expected to create 500 new jobs. We will prioritize on hiring locals from disadvantaged backgrounds to support the government's poverty eradication efforts.' Lau also disclosed that the KTC Board of Directors has approved an additional RM10 million investments in Sarawak in the same period. As a result, KTC's revenue is expected to grow by an overall of 50 per cent in East Malaysia – 40 percent in Sabah and 10 percent in Sarawak – over the next two to three years. As a Main Market listed company on Bursa Malaysia, KTC currently has a workforce of 2,000 across Sabah, Sarawak, Brunei and Peninsular Malaysia, and remains one of the leading companies in Sabah.


The Star
an hour ago
- The Star
MACC to quiz Tan Sri over highway project funds
KUALA LUMPUR: A Tan Sri, who is under investigation by the Malaysian Anti-Corruption Commission (MACC) over the alleged misappropriation of sukuk funds linked to a Klang Valley highway project, is expected to be called in for questioning soon. The individual, who was recently discharged from hospital, is also being investigated for overseas asset ownership and high-stakes gambling activities involving millions of ringgit. MACC chief commissioner Tan Sri Azam Baki confirmed that the Tan Sri, who is believed to be a highway concession holder, had yet to give his statement due to recent medical treatment at a private hospital. 'A statement has not yet been recorded from the Tan Sri, but I have been informed that doctors have recently allowed him to be discharged. My officers will be contacting him soon to arrange an appointment,' Azam told Astro Awani when contacted on Saturday. He added that while the individual is a key witness in the case, MACC has already recorded statements from 45 other witnesses, some of whom have been recalled to assist further in the investigation. 'He is indeed one of the individuals we have yet to question, but we already have testimonies from other witnesses. I cannot confirm whether additional witnesses will be required after his statement,' Azam said. According to sources, MACC had earlier obtained medical confirmation from the treating doctor regarding the Tan Sri's condition before proceeding to plan for his interview. The investigation centres around the suspected misappropriation of sukuk bonds intended for the construction of a highway. On June 3 last year, MACC disclosed that it had seized assets valued about RM143mil from the individual as part of the probe. They included luxury vehicles and properties owned by the Tan Sri, both locally and abroad, including in London and Switzerland. The seized assets comprised 14 personal bank accounts with RM4.5mil, eight company accounts with RM33mil, a luxury condominium and a parcel of land valued at RM24.5mil, nine luxury cars worth RM7.65mil, designer watches valued at around RM25mil, handbags worth RM3mil, jewellery and diamonds estimated at RM6mil and four horses valued at RM400,000. Other seized items included high-end alcoholic beverages worth RM3mil, foreign assets estimated at over RM15mil and gambling-related activities involving about RM20mil. A notice to declare assets has already been issued to the Tan Sri and related parties.


Borneo Post
2 hours ago
- Borneo Post
Dapsy Sarawak urges delay in SST expansion amid ongoing US tariff negotiations
Wong warns that the combined impact of SST-related cost increases and potential US-imposed tariffs could further strain both businesses and consumers financially. KUCHING (June 11): The Democratic Action Party Socialist Youth (Dapsy) Sarawak has urged the federal government to postpone the implementation of the expanded Sales and Services Tax (SST) until ongoing trade discussions with the United States (US) are concluded. Dapsy Sarawak treasurer Wong King Yii said that while he supports the government's broader objective of expanding the tax base to strengthen national revenue and promote long-term economic growth, the short timeframe for implementation presents significant operational challenges. 'Businesses will struggle, particularly in adapting to new compliance and reporting requirements at short notice,' he said in a statement today. Wong warned that the combined impact of SST-related cost increases and potential US-imposed tariffs could further strain both businesses and consumers financially. 'In this context, a more coordinated and deliberate approach is necessary. 'The government should defer the SST expansion until the tariff negotiations are concluded to avoid unnecessary economic pressure on the rakyat,' he said. Wong also called on the government to revise the exemption threshold for lessees that qualify as micro, small, and medium enterprises (MSMEs). He proposed raising the current RM500,000 annual sales threshold to RM1 million to ensure more MSMEs are shielded from immediate cost burdens. 'This adjustment is vital to help MSMEs weather the financial uncertainties that may result from both domestic tax changes and external trade developments,' he said. DAPSY expanded SST US Tariffs Wong King Yii