PUTRAJAYA: The Inland Revenue Board (LHDN) has identified 66,000 businesses on e-commerce platforms that either do not have or do not comply with the estimated tax instalment payments under the Income Tax Act 1967.
In a statement yesterday, LHDN said this was detected through the submission of e-invoices, which contain details of individuals and companies operating through e-commerce platforms since Aug 1, 2024.
“Checks also found no records of these businesses’ submission of income tax return forms.
“The 66,000 businesses have issued a total of four million e-invoices,” said a Bernama report based on the statement.
LHDN urged these businesses to regularly update their tax records and ensure full compliance to avoid enforcement actions.
With the implementation of e-invoicing, LHDN is able to actively monitor taxpayer data that has been verified in the MyInvois system to ensure voluntary and continuous tax compliance, it added.
As of Monday, LHDN reported that approximately 196 million e-invoices have been issued, covering voluntary participants from the first, second and third phases.
“This indicates a positive level of acceptance among taxpayers in complying with the e-invoicing system,” it said.
LHDN also noted that the grace period for Phase One taxpayers ended on Jan 31 and they are now required to fully implement the e-invoicing system according to the guidelines.
