Challenges Faced by SMEs in Transition to Mandatory E-Invoicing: Industry Leaders Express Concerns

• SMEs are facing challenges with the shift towards mandatory e-invoicing
• Challenges include limited resources, digital literacy, and compliance issues
• Concerns raised about short implementation period and lack of comprehensive guidelines
• Request for deferment from certain industries to properly evaluate implementation systems
• LHDN working to address concerns and providing free software to help businesses transition
• All businesses in Malaysia required to switch to mandatory e-invoicing by July next year

Source: thestar.com.my

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.

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