KUALA LUMPUR: More than 475mil e-invoices have been issued as of August 18 this year, the Dewan Rakyat was told.
Deputy Finance Minister Lim Hui Ying said over 98,000 taxpayers have issued e-invoices.
“These include not only those mandated under Phases 1 to 3, but also voluntary contributors under Phases 4 and 5,” she said during question time on Tuesday (August 19).
She said about 37,000 taxpayers have voluntarily contributed under Phases 4 and 5.
However, Lim said the additional revenue for the government can only be determined once the system is fully implemented next year.
"Our main objective is to improve business efficiency. Once Phase 5 is rolled out, we will have a clearer picture," she said.
Lim said small businesses can also consolidate their e-invoices monthly.
She was responding to Azli Yusof (PH–Shah Alam), who asked about the e-invoicing rollout and its impact on government revenue.
Lim added that numerous engagements have been held with stakeholders.
"That is why the rollout is in phases. Engagement is ongoing," she said.
The e-invoicing initiative began in August 2024 for companies with annual turnover above RM100mil.
The second phase started on Jan 1 of this year for businesses with annual sales between RM25mil and RM100mil.
The third phase of full implementation was initially set for July 1, covering all businesses.
However, in June, the Inland Revenue Board announced that taxpayers with annual income or sales below RM500,000 are exempt.
Implementation for those earning between RM1mil and RM5mil is postponed to January 1, 2026, while for those earning up to RM1mil it is postponed to July 1, 2026.
