- Malaysian government grants six-month grace period for e-invoicing fines
- Grace period starts on August 1, 2024, and lasts until February 1, 2025
- Taxpayers who implement e-invoicing within the timeline will benefit from reduced capital appreciation claims
- Consolidated invoices must still be issued during the grace period
- Businesses with revenue over 100 million MYR are mainly impacted
- Other businesses must implement e-invoicing by Jan 2025 or Jul 2025
- Grace period provides additional time for businesses to adapt to new requirements
- Companies should take advantage of the extension to ensure compliance and benefit from incentives
Source: fonoa.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.
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