- E-Invoicing implementation for SMEs with annual sales between RM150,000 and RM500,000 postponed to January 1, 2026.
- Six-month transition period following implementation date.
- Exemption from e-Invoicing requirements for businesses with annual sales below RM150,000 continues.
- Free access to MyInvois portal and mobile app for tax submission.
- Nationwide training programs offered by Inland Revenue Board (LHDN) for e-Invoicing adoption.
- Over 25,000 companies have adopted e-Invoicing since August 2024.
- Employers required to contribute 2% to EPF for foreign workers, with a matching 2% contribution from employees.
- Tax deductions available for EPF contributions under Section 34(4) of the Income Tax Act 1967.
- Accelerated Capital Allowances for ICT equipment and software purchases over three years.
- Tax deductions for e-Invoicing consultancy fees up to RM50,000 per year.
Source: taxilla.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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