Microenterprises unprepared for e-invoicing, says Wee


Token of appreciation: Dr Wee (centre) receiving a souvenir from Mah (second from right) during the Parents’ Day Dinner organised by Perak Wanita MCA in Ipoh. With them are (from left) Perak Wanita MCA deputy chief Tiong Mee Ling, Tham and Wong.

IPOH: Many people, especially those in microenterprises, are not ready for e-invoicing, says Datuk Seri Dr Wee Ka Siong.

The MCA president said that many small traders will find it hard to do e-invoicing when it is enforced on Aug 1.

“Traders must fill in 55 data fields, which is more complex than the Central Database Hub system.

“The government is eager to bring forward the implementation of e-invoice, which was originally scheduled to be implemented in 2027, but (it) is not well-prepared,” he said in his opening speech during a Parents’ Day dinner organised by Perak Wanita MCA here on Sunday.

“And if traders don’t implement e-invoice, they could be fined up to RM20,000. If this happens, the traders would be in dire straits.

“How do you expect small traders to issue the e-invoices? There will be problems,” he said, adding that there needs to be a comprehensive plan or set of guidelines first before implementing it.

The implementation of the e-invoicing system will be done in a phased manner, commencing on Aug 1 and eventually encompassing all taxpayers by July 1, 2025.

Prime Minister Datuk Seri Anwar Ibrahim had announced that the e-invoicing system, which aims to increase the national tax revenue, would begin with taxpayers who earn an annual income exceeding RM100mil.

Dr Wee said the Federal Government should reintroduce the Goods and Services Tax (GST) if they want to increase revenue for the country.

“Apart from MCA, the Johor Mentri Besar also hopes for GST to be reinstated.

“If the government wants what is best for the country, they need to admit that they have erred and re-implement GST,” said the Ayer Hitam MP.

“All businesses have the GST system. There is no need for training.

“There are more than 190 countries in the world, and 174 countries have already implemented GST,” he said, adding that under the GST regime, everything, including the input and output, is clearer and more transparent.

Also present during the dinner were party deputy president Datuk Dr Mah Hang Soon, secretary-general Datuk Chong Sin Woon, Perak MCA adviser Tan Sri Kuan Peng Ching, Wanita MCA chairman Wong You Fong and state Wanita chairman Tham Fong Kiew.

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Ipoh , Perak , MCA , Wanita , Dr Wee Ka Siong , E-invoicing , GST

   

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