https://www.vatcalc.com/malaysia/malaysia-e-invoicing-2023/

Have you prepared for it?

More works to be done for all parties...Too sad

This post has been edited by jack2: Dec 25 2023, 12:44 PM

2015....
Late now many years?

there is nothing to prepare, API & Sandbox Environment not even ready. most likely another delay.

Edited.

I thought it is still 2013 now

Definitely will be delaying. Gov thought everyone is pandai.

Like last month,
During my boss chat with supplier..
The supplier say for now only large corporation kena as they already got existing system in place....
As for sme, govt still blur blur...
App/api/hardware also not yet prepare.....
Gonna a big mess....

Let look back the previous GST, how messy it was.

Stop complaining and it's a good initiative. Of course it will be delayed in the process but at least its progressing. Otherwise, you propose a better solution to smoothen the transition.

It is not about the transition issue.
You should know the reason why this is implemented.

Also, this thread is not about complaining. It is a discussion topic "Have you prepared for it?"

Confirm not prepared..

Especially those Small & Medium companies.....

Old family own / old school still using the old tested method....

It's gonna be very messy if no delay... Government need to give more time

Surely going to give LHDN the big data for their data analytics.
We just have to wait for more information.
Overall a step in the right direction.

Income not captured by e-invoicing is red flagged.

How does LHDN detect the income?

for now, only large corporation kena. they will go live 2024. But... big companies will prefer doing business with small companies who are already in the e-invoice ecosystem compared to those who are not ready similar like GST. These big companies will presure smaller entities to comply for their own benefits.

definitely not 2025, is a complicate tax system, involve debtor, creditor and LHDN., if die die want 2025, sure chaos

haha, sure die die chaos la....

not an easy task.

as long this grey income is not spent, could keep under the radar else the system will pick up when purchase > income.

For tax payers only?

Non-tax payers still can deal with cash?

Baik takpayah

Like this...

Then indirectly..
Many small companies also would follow up...

Don't want to lose client businesses...

In the end.. achieve the government targets somehow 😉

taxpayers sure will go through e-invoicing because one is buyer, another one is seller.

For non-tax payer, then use "side" system.. haha