MORE than 164,000 businesses have chosen to use e-invoicing despite being exempted from the system, says Liew Chin Tong.
The Deputy Finance Minister said the exemption was for businesses with annual sales below RM3mil and benefited about 1.1 million businesses, mostly micro, small and medium enterprises.
“However, 164,435 taxpayers in this category have chosen to implement e-invoicing vol- untarily,” he said during Question Time.
Another 25,503 taxpayers with annual sales between RM3mil and RM5mil remain in the system and are subject to e-invoicing, he added.
“They join 5,578 taxpayers with annual sales above RM100mil who have used e-invoicing since August 2024, along with 14,567 in the RM25mil to RM100mil band and 51,710 in the RM5mil to RM25mil band,” he said.
He rebuffed a suggestion by Jimmy Puah Wee Tse (PH-Tebrau) that a higher tax exemption threshold would affect potential tax collection.
“E-invoice is not a system to collect more tax,” he said.
Meanwhile, Liew said tax collection rose from RM119.1bil in the first six months of last year to RM129.6bil in the same period this year.
He added the increase was driven by higher corporate income tax and Sales and Service Tax collections, particularly from the food and beverage, services, insurance and logistics sectors.
He also noted that the economy grew 6% in the second quarter of this year, up from 5.4% in the first quarter.
