Latest news with #e-Invoice
The Star
31-07-2025
- Business
- The Star
PAC urges Works Ministry to ensure MLFF does not incur financial implications for govt, consumers
KUALA LUMPUR: The Public Accounts Committee (PAC) has urged the Works Ministry to ensure that the implementation of the Multi-Lane Fast Flow (MLFF) system does not result in any financial implications for the government or consumers once the project's final direction is determined. PAC chairperson Datuk Mas Ermieyati Samsudin said that this precaution is essential to avoid repeating issues highlighted in previous PAC proceedings, where projects initially claimed to have no financial impact ultimately led to government payments to companies. She emphasised that any decisions regarding the implementation of the MLFF system, or any future traffic management system, must yield benefits and enhance efficiency in tackling traffic congestion. "The PAC requests that the Works Ministry provide a written update on the latest developments and direction regarding the implementation of the MLFF system for the committee's reference and attention. "In addition, the PAC urges that the effectiveness and efficiency of the existing toll collection system be improved as an immediate measure to reduce highway congestion before the MLFF is implemented," she said in a statement on Thursday (July 31). According to Mas Ermieyati, this issue was among the recommendations outlined in the PAC Statement on the Follow-up Action by the Works Ministry and the Malaysian Highway Authority (LLM) for the Parliamentary PAC Recommendations on the Management of the MLFF Project Implementation, presented on Wednesday (July 30). Additionally, the PAC also presented its statement on follow-up actions by the Finance Ministry and the Malaysian Inland Revenue Board (LHDN) regarding PAC's recommendations on the Management of the LHDN Accounts Receivable. Regarding the LHDN issue, Mas Ermieyati stated that the PAC recommended the board intensify enforcement actions under existing laws, alongside making improvements from time to time. On this matter, she emphasised the need for ongoing monitoring to ensure the effectiveness of the tax assessment process, along with proactive enforcement to curb leakage and fraud in tax payments. Commenting on the e-invoice initiative, she said the PAC welcomed the government's move announced on June 5, 2025, and acknowledged the need to consider the preparedness of taxpayers, especially Micro, Small, and Medium Enterprises, in meeting the legal requirements. "PAC recommends that the LHDN provide comprehensive support and guidance to all taxpayers throughout the preparation period for the implementation of the e-Invoice," she said. – Bernama
Borneo Post
31-07-2025
- Business
- Borneo Post
e-Invoice: A smart move for Malaysian SMEs in the digital era
This online platform via MyTax makes invoicing easy and accessible for all businesses. KUALA LUMPUR (July 31): Running a small or medium-sized enterprise (SME) in Malaysia today means navigating a business environment that is increasingly complex, competitive and demanding. Businesses are expected to provide quick and accurate service while regulatory requirements continue to evolve. For many business owners, staying resilient means adopting digital tools that simplify operations, strengthen financial governance and maintain compliance without draining limited resources. One of the most significant enablers in this digital for Malaysian SMEs is the e-Invoice system introduced by Lembaga Hasil Dalam Negeri Malaysia (HASiL). More than a compliance requirement, e-Invoice offers SMEs a pathway to improve efficiency, enhance financial accuracy and reinforce professional credibility, helping businesses build a stronger foundation for sustainable growth. e-Invoice is a free solution that allows businesses to generate, receive and manage invoices electronically. Unlike traditional manual invoicing, which often involves printing, physical filing and a higher risk of errors, e-Invoices are issued and stored digitally in near real time. Each invoice is submitted directly to HASiL through a secure and integrated system, ensuring seamless alignment between business transactions and tax reporting requirements while reducing paperwork and enhancing transparency. For SMEs that often face operational challenges due to limited manpower and tight budgets, the adoption of e-Invoice can significantly ease administrative burdens. By streamlining invoicing processes, businesses are able to shorten processing time with e-Invoice by eliminating the need for paper invoices to be processed manually. This automation reduces manual efforts and minimises errors. With e-Invoice, businesses are able to streamline their invoicing workflows and ensure greater accuracy and transparency in all transactions. This is significant as this led to business' efficiency, without creating unnecessary barriers or challenges. It also simplifies and improves the accuracy of tax reporting, reducing the risk of discrepancies and allowing SMEs to prepare and submit tax returns with confidence. System-generated e-Invoices project a higher level of professionalism, which helps strengthen a business's reputation among customers, suppliers and financial institutions. Recognising the challenges faced by SMEs and micro-businesses in adopting new digital systems, HASiL offers two free, user-friendly solutions to support businesses in implementing e-Invoice. MyInvois Portal is a free e-Invoicing solution tailored for individuals and businesses that do not utilise a business ERP system for generating e-Invoices. This portal is especially advantageous for small enterprises and those with a low volume of transactions. It is designed to be user-friendly and is accessible through various devices, including computers, laptops, and smartphones, allowing users to handle their e-Invoicing needs with ease, from any location, at any time. e-Invoice implementation for SMEs will be phased according to the annual revenue, ensuring businesses have sufficient time to adapt and comply. MyInvois e-POS is specifically provided by HASiL and is available free of charge to small businesses to enhance business operational efficiency and meet the requirements for e-Invoice implementation. In addition to features for sales management, accounting, inventory management and financial reporting, the MyInvois e-POS System also allows sellers to generate e-Invoices directly during transactions with buyers or buyers may request e-Invoice from the seller after the transaction is completed These platforms reflect HASiL's commitment to supporting Malaysian SMEs in their journey towards digitalisation, ensuring that going digital does not require expensive systems or complex integration, allowing businesses of all sizes to benefit from modern invoicing tools without significant financial strain. To ensure a smooth transition to e-Invoicing, businesses should take several preparatory steps. First, it is essential to understand the e-Invoice guidelines issued by HASiL to avoid any compliance issues. Next, ensure that existing systems are capable of supporting e-Invoice implementation. For businesses that do not use an ERP system, platforms such as the MyInvois Portal or MyInvois e-POS can serve as practical alternatives. Businesses are also encouraged to train and equip their staff with the necessary skills to manage e-Invoicing efficiently. Lastly, stay alert to any updates to the MyInvois system and e-Invoice guidelines to ensure ongoing compliance with current requirements. By embracing e-Invoice, businesses can position themselves for greater efficiency and accuracy while unlocking new opportunities for growth through clearer reporting and better data. SMEs are encouraged to take full advantage of the free tools provided by HASiL to start their digital transformation journey with e-Invoice. For detailed information and step-by-step guidance, you can visit to begin their e-Invoice adoption with confidence.
New Straits Times
31-07-2025
- Business
- New Straits Times
PAC calls for stronger enforcement to curb tax arrears, leakages
KUALA LUMPUR: The Public Accounts Committee (PAC) has urged the Inland Revenue Board (IRB) to step up efforts to reduce the risk of increasing accounts receivable and taxpayer appeals. PAC chairman Datuk Mas Ermieyati Samsudin said the committee also recommends that IRB strengthen enforcement of existing tax laws while implementing improvements from time to time to enhance the management of accounts receivable. "PAC acknowledges IRB's initiatives to enhance the management of accounts receivable, including internal improvements such as automating the issuance of tax arrears notification letters and expediting travel restriction procedures. "Continuous monitoring must be carried out to ensure the effectiveness of the overall tax assessment process, along with more proactive enforcement of tax laws to curb leakages and fraud in tax payments," she said in a statement today. Accounts receivable refers to the money owed to a business by its customers for goods or services that have been delivered or used but not yet paid for. On the implementation of the e-Invoice system, Mas Ermieyati said PAC welcomes the government's initiative, which takes into account the commitments of taxpayers, particularly those in the Micro, Small and Medium Enterprise category, in complying with the legal requirements for e-Invoicing, and the need for sufficient preparation time. She said PAC recommends that IRB provide comprehensive support and guidance to all taxpayers throughout the preparation phase for e-Invoice implementation.
Daily Express
23-07-2025
- Business
- Daily Express
13th Plan to focus on digital tools, e-invoice
Published on: Wednesday, July 23, 2025 Published on: Wed, Jul 23, 2025 By: Sisca Humphrey Text Size: Ewon emphasised that future policies under 13MP would also support inclusive business (IB) and social enterprise (SE) models to ensure that development benefits are more evenly distributed. PENAMPANG: The 13th Malaysia Plan (13MP) will focus on helping micro, small and medium enterprises (MSMEs) transition into the digital economy, including adopting the e-Invoice system. Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick said digital tools are no longer optional but essential for business resilience. 'We want to see MSMEs adapting to digital tools, including e-Invoice, as part of their business operations under the 13th Malaysia Plan,' he said. He made the remarks during the launch of the Madani Entrepreneurs Seminar: e-Invoice organised by the National Entrepreneurship Institute (Insken) at Penampang Cultural Hall, here, on Tuesday. The seminar is part of a 23-stop nationwide tour targeting 20,000 entrepreneurs, aimed at promoting awareness and adoption of the e-Invoice platform. 'So far, over 11,000 entrepreneurs have taken part in the sessions, showing strong interest and readiness. 'Entrepreneurs want to understand what e-Invois is and how it can be integrated into their daily business and we are responding to that need,' he said. He said Insken and SME Corp are working with the Inland Revenue Board (LHDN) to expand outreach and ensure businesses are ready before implementation. Ewon emphasised that future policies under 13MP would also support inclusive business (IB) and social enterprise (SE) models to ensure that development benefits are more evenly distributed. 'Inclusive business and social enterprise models will be given more focus as we strengthen the entrepreneurial landscape under 13MP,' he said. He also assured that Sabah and Sarawak would not be left behind in federal initiatives, citing programmes like Tamu Desa, targeted financing schemes for rural traders and special grants for Bumiputera entrepreneurs in Borneo. 'We want entrepreneurs and cooperatives in Sabah to feel included in national policies, that's why we design initiatives specific to Borneo's needs. 'One-size-fits-all approaches don't work. Local business challenges require local strategies,' he stressed. Speaking to the media after the seminar, Ewon welcomed the appointment of Insken's new CEO from Sabah, calling it a reflection of confidence in East Malaysians to lead national agencies. 'I want to see our Sabahan CEO prove that East Malaysians can also lead federal agencies with excellence. 'It's not where you're from, it's your commitment, vision and capacity to serve the country,' he said. Also present were Insken Board of Trustees Chairman Mustaffa Kamil Ayub, Insken Chief Executive Officer Viviantie Sarjuni, board members and agency heads under the Ministry of Entrepreneur Development and Cooperatives. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
New Straits Times
12-06-2025
- Business
- New Straits Times
LHDN receives 328 million e-invoices from nearly 35,000 taxpayers since August 2024
GEORGE TOWN: The Inland Revenue Board (LHDN) has received 328 million e-invoices from taxpayers as of yesterday, since the system was launched in August 2024. LHDN tax operations department director (e-Invoice division) Dr Rasyidah Che Rosli said nearly 35,000 taxpayers had submitted e-invoices, including many who had adopted the system voluntarily ahead of their respective mandatory phases. "This is a positive response from taxpayers under the first phase, as well as those in the second and third phases who have implemented e-invoicing voluntarily. "The digital records via the e-Invoice system help prevent the loss or misplacement of documentation and will, in future, be integrated directly into taxpayers' return forms for greater efficiency and accuracy," she told reporters at the CTOS SME Biz Day 2025 Penang, held at the Setia Spice Convention Centre here today. The event was officiated by Penang Deputy Chief Minister II Jagdeep Singh Deo, and was attended by more than 1,300 participants, including government representatives, industry experts and corporate leaders. Meanwhile, Rasyidah said LHDN had granted an interim six-month relaxation period for each implementation phase involving taxpayers who are issuing consolidated e-invoices. She said the board was also supporting taxpayers during the transition by providing guidelines and frequently asked questions on its e-Invoice microsite. "LHDN also provides a transmission mechanism through an application programming interface (API) integrated with MyInvois, which allows taxpayers to either develop their own system or use the services of technology providers," she added. Taxpayers may also submit their e-invoices via the MyInvois portal free of charge, and are encouraged to refer to the LHDN e-Invoice microsite for further guidance. The e-Invoice system was implemented on Aug 1, 2024, for companies with annual sales exceeding RM100 million. The second phase began on Jan 1, 2025, for companies with annual sales between RM25 million and RM100 million. On June 5, LHDN announced that taxpayers with income or annual sales below RM500,000 would be exempted from the e-Invoice requirement for now. Implementation has been postponed to Jan 1, 2026, for those with earnings between RM1 million and RM5 million, while those with income up to RM1 million will begin on July 1, 2026.
