- Chartered accountant Wong Ching Yong will take a ‘wait-and-see’ approach on the e-invoice set for implementation next year
- Previous experience with GST taught him a costly lesson
- He spent about RM50,000 during the GST implementation in 2014
- He will wait until next year to see if e-invoice is implemented before taking any action
- There is dissatisfaction among small
- and medium-sized traders and merchants with e-invoice
- Wong suggests setting a threshold for e-invoice implementation to ensure it applies to businesses with an annual trading volume exceeding RM1 million
- He strongly suggests reintroducing GST, starting with two per cent.
Source: theborneopost.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
