Malaysia’s Inland Revenue Board (IRB) will continue to provide facilities to assist small businesses in registering with electronic invoices (e-Invoice), including a free portal.
IRB CEO Datuk Abu Tariq Jamaluddin said today (Apr 30) small businesses have ample time until July 2025 to enhance their understanding of e-invoicing usage.
“IRB will extend full assistance to small companies, including organising meetings nationwide to explain the e-invoicing programme and its implementation at LHDN offices throughout the country,” he said at the board’s Raya open house in Kuala Lumpur today.
Abu Tariq, who was responding to growing calls for micro businesses to be exempted from the e-invoice, said e-invoices serves as a new tax management tool aiming to simplify tax processes and increase transparency.
Previously, the recent “e-Invoice Specific Guideline Version 2.1” issued by the board, which requires even roadside hawkers to e-Invoice, has raised various concerns among the general public and micro, small and medium enterprises (MSMEs).
The government has been urged to clarify the implementation details in order to create a more convenient business environment rather than burdening the public.
It was reported that the Small and Medium Enterprises Association of Malaysia had asked the government to exempt any business-to-consumer (B2C) enterprise with revenue under RM300,000 from the upcoming e-invoice regime.
Seperately, on tax evading issues, Abu Tariq said LHDN has the right to conduct raids on any individual and companies if they are identified as evading taxes. In certain cases, the IRB will exercise its power if there is a need to disclose to the public.
“We will expose (cunning companies) as provided for under the law. There are cases that have been identified, but if the case has a low risk, LHDN will use audit methods. Every year, LHDN will identify cases involving companies that evade taxes. We will intensify efforts to ensure that they are more responsible in fulfilling their responsibilities to the country,” he added.
