CORPORATES in Malaysia heaved a sigh of relief when the last consolidated e-invoice for August was submitted by the Sept 7 deadline, which happened to fall on a Saturday.
This marked the culmination of months of feverish preparation. Teams of information technology (IT), finance and tax personnel had worked together to clean up and sort master data, including obtaining missing tax identification numbers from customers, customising and enhancing IT systems and running thousands of testing scenarios.
