I know there is a topic about e invoicing somewhere.. cant find it..
Anyhow just need to ask a simple questions...
Does sole propertiership business also need to do einvoicing?
Anyone can advise?
E invoicing
E invoicing
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Feb 20 2025, 02:54 PM, updated 10 months ago
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I know there is a topic about e invoicing somewhere.. cant find it..
Anyhow just need to ask a simple questions... Does sole propertiership business also need to do einvoicing? Anyone can advise? |
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Feb 20 2025, 02:57 PM
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hi, this is ur official accounting service. How May unker help?
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Feb 20 2025, 03:05 PM
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QUOTE(achong09 @ Feb 20 2025, 02:54 PM) I know there is a topic about e invoicing somewhere.. cant find it.. Implementation for those with income below 500k. Yes, sole proprietorship also kena. I am still grappling with how to deal with claims…waiting for LHDN to hold online training…. Anyhow just need to ask a simple questions... Does sole propertiership business also need to do einvoicing? Anyone can advise? https://www.businesstoday.com.my/2025/02/20...ferred-to-2026/ mushigen liked this post
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Feb 20 2025, 03:29 PM
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QUOTE(fongsk @ Feb 20 2025, 03:05 PM) Implementation for those with income below 500k. Yes, sole proprietorship also kena. I am still grappling with how to deal with claims…waiting for LHDN to hold online training…. If biz less than 10k only how? Still need?https://www.businesstoday.com.my/2025/02/20...ferred-to-2026/ |
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Feb 20 2025, 03:31 PM
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QUOTE(achong09 @ Feb 20 2025, 04:29 PM) got other thread just opened, news just came in todayhttps://forum.lowyat.net/topic/5510006 if business less than 10k annual sales should be exempt from e-Invoicing requirements smallcrab liked this post
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Feb 20 2025, 03:33 PM
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Feb 20 2025, 03:48 PM
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can someone please clarify..
business income less than rm150k per year. is this total invoice value or gross profit? eg second hand car dealers, sales value is high but income ( gross profit could be 20% of sales).. tq |
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Feb 20 2025, 03:52 PM
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Feb 20 2025, 03:54 PM
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QUOTE(KenM @ Feb 20 2025, 03:48 PM) can someone please clarify.. It's annual sales aka revenue. Not profit.business income less than rm150k per year. is this total invoice value or gross profit? eg second hand car dealers, sales value is high but income ( gross profit could be 20% of sales).. tq KenM liked this post
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Feb 20 2025, 03:56 PM
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QUOTE(achong09 @ Feb 20 2025, 04:29 PM) Below 150k fully exempted.QUOTE(fongsk @ Feb 20 2025, 04:33 PM) Not income, revenue.QUOTE(KenM @ Feb 20 2025, 04:48 PM) can someone please clarify.. Based on revenue, not income. High revenue low margin businesses sadly maybe kena.business income less than rm150k per year. is this total invoice value or gross profit? eg second hand car dealers, sales value is high but income ( gross profit could be 20% of sales).. tq KenM liked this post
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Feb 20 2025, 04:13 PM
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QUOTE(fongsk @ Feb 20 2025, 03:05 PM) Implementation for those with income below 500k. Yes, sole proprietorship also kena. I am still grappling with how to deal with claims…waiting for LHDN to hold online training…. every claim for you bussiness need e-invoice lo.https://www.businesstoday.com.my/2025/02/20...ferred-to-2026/ if you buy thing from non e-invoice user, than you need issue selfbill invoice yourself to claim. |
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Feb 20 2025, 04:20 PM
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Feb 20 2025, 04:21 PM
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QUOTE(blueknight @ Feb 20 2025, 04:13 PM) every claim for you bussiness need e-invoice lo. For exampleif you buy thing from non e-invoice user, than you need issue selfbill invoice yourself to claim. If this is my own biz i dont buy anything but render my services( no product) just services like consultancy services etc to the company but that company is not in msia.. so how? Still need einvoice? |
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Feb 20 2025, 04:22 PM
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Feb 20 2025, 04:23 PM
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QUOTE(KenM @ Feb 20 2025, 03:48 PM) can someone please clarify.. better declare lah. unless u sold in cash only.business income less than rm150k per year. is this total invoice value or gross profit? eg second hand car dealers, sales value is high but income ( gross profit could be 20% of sales).. tq duit sold kereta simpan bawah meja. KenM liked this post
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Feb 20 2025, 04:26 PM
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QUOTE(achong09 @ Feb 20 2025, 04:20 PM) haha... it all in the news ler. Tell u, u no believe QUOTE(achong09 @ Feb 20 2025, 04:21 PM) For example ask your tax agent lar.If this is my own biz i dont buy anything but render my services( no product) just services like consultancy services etc to the company but that company is not in msia.. so how? Still need einvoice? It got fews condition to fulfill. example, the location of service provided. some service provide onsite, some online.. all got different rules |
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Feb 20 2025, 04:36 PM
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QUOTE(blueknight @ Feb 20 2025, 04:13 PM) every claim for you bussiness need e-invoice lo. What I meant was employee claims like entertainment, flights, hotels etc…do we issue e-invoice before we pay them? Cos employee claims is internal transactions.if you buy thing from non e-invoice user, than you need issue selfbill invoice yourself to claim. |
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Feb 20 2025, 04:39 PM
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QUOTE(achong09 @ Feb 20 2025, 04:21 PM) For example All sales to foreign companies requires issuing self-billed e-invoice. As long as you are reporting business revenue to LHDN, you will need to issue e-invoice. The only exception is total annual revenue is below 150K. It does not matter whether your revenue come from local sources or foreign sources.If this is my own biz i dont buy anything but render my services( no product) just services like consultancy services etc to the company but that company is not in msia.. so how? Still need einvoice? And you can see it is easy for LHDN to catch you if you are not doing e-invoice. Because all they need to do is to check your income tax return that you file with them. This post has been edited by vhs: Feb 20 2025, 04:40 PM |
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Feb 20 2025, 04:42 PM
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QUOTE(fongsk @ Feb 20 2025, 04:36 PM) What I meant was employee claims like entertainment, flights, hotels etc…do we issue e-invoice before we pay them? Cos employee claims is internal transactions. from beginning until as at now, employee need to try get Invoice under company name if possible.Same as E-Inv, try get bill under company name to remove the hassle of claiming it. If cannot, then do submit as usual for now. Later will change or not, nobody knows. Self Bill E-Inv are for certain type of transactions only. ![]() fongsk liked this post
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Feb 20 2025, 04:42 PM
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QUOTE(achong09 @ Feb 20 2025, 04:22 PM) You better go read the guidelines issued by LHDN.https://www.hasil.gov.my/en/e-invoice/guidelines/ Basically it means you have to pretend yourself as the seller (who is not issuing e-invoice) and issue e-invoice to yourself. That means if you sellers all not issuing e-invoice then you will have to do all their works. |
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