Malaysia’s Inland Revenue Board (LHDN) announced a 6-month grace period for the upcoming e-invoicing mandate, allowing businesses to file a single summary invoice at the end of each month without facing prosecution for noncompliance. Businesses that implement e-invoicing in a timely manner will receive a reduction in the capital allowance period from three to two years for ICT and software purchases in Assessment Years 2024 and 2025.
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