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 e-invoicing for all taxpayers in 2025

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batman1172
post Dec 27 2023, 02:49 PM

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QUOTE(nexona88 @ Dec 27 2023, 11:30 AM)
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 πŸ˜‰
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Govt target is GST. EInvoice is the mechanism of Gst in the future. They learn from mistake last time.
xander2k8
post Dec 28 2023, 12:37 PM

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QUOTE(koaydarren @ Dec 25 2023, 01:09 PM)
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.
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The problem is not the initiative πŸ€¦β€β™€οΈ but the guidelines and implementation policies from the govt which will flip flop from time to time LVG is a good example because only 1 month notice for the online sellers to prepared

QUOTE(nexona88 @ Dec 25 2023, 02:26 PM)
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
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The problem is not the time πŸ€¦β€β™€οΈ but the guidelines and policies flip flop from time to time

They can’t even provide the list of authorised and permitted solutions providers so do you think they are ready themselves

QUOTE(BenChiew @ Dec 27 2023, 09:14 AM)
How does LHDN detect the income?
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Simple πŸ€¦β€β™€οΈ any invoice which is electronic is the income derived from

QUOTE(batman1172 @ Dec 27 2023, 02:49 PM)
Govt target is GST. EInvoice is the mechanism of Gst in the future.  They learn from mistake last time.
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That is why they are pushing digital economy πŸ€¦β€β™€οΈ because without digital economy they can’t even implement properly with GST especially tax refunds which the govt still owes the taxpayers till now

EInvoice has to be in place but the focus has to be in SME πŸ€¦β€β™€οΈ because of lack of skilled manpower and solutions experts in this field as even accountants need to be trained as well because mostly they are still old skool
plouffle0789
post Jan 18 2025, 03:15 AM

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QUOTE(jack2 @ Dec 25 2023, 12:18 PM)
https://www.vatcalc.com/malaysia/malaysia-e-invoicing-2023/

Have you prepared for it?

More works to be done for all parties...Too sad
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Why sports toto,magnum 4d,da ma cai ticket still not show any e-invoice number?
MUM
post Jan 18 2025, 07:28 AM

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QUOTE(plouffle0789 @ Jan 18 2025, 03:15 AM)
Why sports toto,magnum 4d,da ma cai ticket still not show any e-invoice number?
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Just a guess,
Perhaps the ticket itself is a merchandise good not a receipt.

This post has been edited by MUM: Jan 18 2025, 07:38 AM
plouffle0789
post Jan 19 2025, 01:55 AM

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QUOTE(MUM @ Jan 18 2025, 07:28 AM)
Just a guess,
Perhaps the ticket itself is a merchandise good not a receipt.
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you are right.

now I remember if you bought many like rm20 ,they will staple the receipt with you...
togekiss
post Jan 21 2025, 09:40 AM

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QUOTE(batman1172 @ Dec 27 2023, 02:49 PM)
Govt target is GST. EInvoice is the mechanism of Gst in the future.  They learn from mistake last time.
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How is E-Invoice the mechanism for GST?
batman1172
post Jan 21 2025, 08:48 PM

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QUOTE(togekiss @ Jan 21 2025, 09:40 AM)
How is E-Invoice the mechanism for GST?
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Now they have electronic way to track all invoices so I'm told.
wilson1149
post Jan 22 2025, 09:13 AM

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Is time to end those underground economy, i guess lhdn would spotlight on airline , money changer, luxury stuff to find who spend beyond their earnings.
EnergyAnalyst
post Dec 5 2025, 10:45 AM

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https://www.malaymail.com/news/malaysia/202...google_vignette


EnergyAnalyst
post Yesterday, 07:35 PM

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https://theedgemalaysia.com/node/785083
xander2k8
post Yesterday, 07:47 PM

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QUOTE(wilson1149 @ Jan 22 2025, 09:13 AM)
Is time to end those underground economy, i guess lhdn would spotlight on airline , money changer, luxury stuff to find who spend beyond their earnings.
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Airline and Money changer is not that simple to launder money huge amounts these days πŸ€¦β€β™€οΈ as it strictly regulated by the authorities

The real underground economy is the one who launders money locally via proxies and those who evade taxes by collecting by actual cash or EWallet

 

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