Companies urged to adopt einvoicing system early

Inland Revenue Board chief executive officer Datuk Dr Abu Tariq Jamaluddin (second right) presenting a souvenir to Sabah Journalists Association president Datuk Muguntan Vanar at the IRB networking session with Sabah media in Kota Kinabalu on Thursday (Aug 8).

KOTA KINABALU: Malaysian companies with annual earnings below RM100mil are encouraged to familiarise themselves with the electronic invoicing (einvoicing) system ahead of its official implementation date on Jan 1, 2025.

Implementation, currently in its first phase, involves companies with an annual sales threshold of RM100mil submitting their einvoices online since Aug 1.