Getting equipped for e-invoicing

PwC Malaysia says implementing e-invoicing as a digital reporting service can be tricky due to the complexity of businesses’ current accounting systems and compliance requirements by tax authorities. - Photo: rawpixel.com on Freepik

THE days of paper and electronic document invoices, plus credit and debit notes, look to be numbered with the mandatory e-invoicing for companies coming into force in phases from August.

But there are questions. Is Malaysia ready for this change and what will the implications of this change be?