- Postponement of e-Invoicing Deadline: The Malaysian government has extended the e-Invoicing deadline for small and medium enterprises (SMEs) with annual sales between RM150,000 and RM500,000 to January 1, 2026, providing over 240,000 SMEs with a six-month transition period to adapt.
- Exemptions and Government Support: SMEs with annual sales below RM150,000 are exempt from e-Invoicing requirements, benefiting over 700,000 small traders. To support the transition, the government offers free access to the MyInvois portal, a mobile app for tax submission, and nationwide training conducted by the Inland Revenue Board (LHDN).
- Tax Incentives for Digital Transformation: The government has introduced various tax incentives to assist SMEs in adopting e-Invoicing, including capital allowances for ICT investments and tax deductions for e-Invoicing consultancy fees, aiming to facilitate a smooth transition and encourage digitalization by 2026.
Sources
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