THE Inland Revenue Board of Malaysia’s (LHDN) reiteration that the e-invoicing grace period “will not involve penalties, but does not mean implementation is unnecessary” highlights the need for the government to return to the realities of Malaysia’s current economic conditions. The government must urgently and comprehensively review the real impact of e-invoicing policies on micro and small enterprises nationwide.
Amid sustained inflation, rising operating costs, and compressed profit margins, enforcing mandatory e-invoicing on businesses with annual turnover below RM5mil will only increase burdens, weaken survival capacity, and hinder overall economic recovery.
