In #Malaysia, implementing #einvoicing will become mandatory for all businesses #shorts #compliance

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In #Malaysia, implementing #einvoicing will become mandatory for all businesses, depending on their turnover or revenue levels, and this requirement will be introduced in stages. Based on the new plan, e-invoicing will be mandatory for taxpayers with annual income or sales exceeding RM100 million, starting from August 1, 2024, instead of June 1, 2024. E-invoicing for taxpayers in other income categories will be enforced in phases, with a comprehensive implementation target of July 1, 2025.

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