PETALING JAYA: A total of 7,900 companies have adopted the e-invoice system, involving 87 million issuance overall as of Nov 19, says the Finance Minister.
Datuk Seri Anwar Ibrahim said that it also involved the voluntary participation of companies from the second and third phases of the e-invoice implementation.
“This shows a good level reception of e-invoice system implementation among the companies,” he said in a written parliamentary answer on Friday (Dec 6).
He was responding to a question by Datuk Awang Hashim (PN-Pendang) who had asked for the latest updates on the implementation of the e-invoice system and the steps taken by the government to encourage the use of the system among small and medium enterprises (SME).
“The government has provided a grace period of six months for businesses to issue consolidated e-invoices, which involve consolidating monthly transactions.
“Throughout the period, no penalties would be imposed on businesses that issue consolidated e-invoices,” said Anwar.
He added that to assist SMEs in implementing the system without additional costs, the Inland Revenue Board (LHDN) had provided a portal called MyInvois where businesses are allowed to submit the e-invoice to the board for free.
A mobile application was also developed to make the process easier and accessible for taxpayers to submit their invoices, he added.
Anwar also said that LHDN had also conducted active engagements with the public through various programmes to increase awareness of the adoption of e-invoicing.
“LHDN also organised an e-invoice awareness programme to increase SMEs knowledge of the system.
“The programme schedule could be obtained from their nearest LHDN website or by contacting the board's offices,” he said, adding that more engagement and educational programmes would be held to ensure smooth full implementation of the e-invoice system by July 1, 2025.
