Sharing thoughts: Abu Tariq (right) during the ACCCIM Power Chat 4.0. The event was moderated by ACCCIM’s treasurer cum chairman of SME Committee Datuk Koong Lin Loong. — GLENN GUAN/The Star
KUALA LUMPUR: Companies and businesses need not fear hefty fines or jail terms if there is a “good reason” for non-compliance with the mandatory e-invoicing starting this Aug 1, said Datuk Dr Abu Tariq Jamaluddin.
The assurance from the Inland Revenue Board (LHDN) chief executive officer comes amid concerns that those failing to meet e-invoicing requirements could face fines ranging from RM200 to RM20,000, or up to six months in jail, or both, for each instance of non-compliance.
