I think should be correct.. based on https://www.hasil.gov.my/media/acil1u20/spe...-unit-trust.pdf, see page 6 (item number 16)

Thanks, good to know! We need to balance the shortfall (forex loss, fees, etc) from the accounting side then? Feels like a lot of work just to keep track of these tiny fees individually

Currently what my accountant does is if I invoiced a client for say, USD100 and I only received RM420 in my bank through Wise, he just records RM420 in the bookkeeping.
But with the upcoming e-invoicing, he'll probably need to record it at exchange rate ~RM440 and then do some extra calculation to get the actual received value? Haih, LHDN just take my money... why add so much paperwork...

This post has been edited by purplefellow: Apr 29 2025, 10:29 AM

Yeah... it feels super tedious

OLD way: Just record money in RM420

NEW way: Record e-Invoice issued — money in RM440 (must match invoiced amount), RM20 money out for forex loss (must match invoiced amount minus what you actually got via Wise)

Yeah, your accountant was not doing proper accounting. Ur invoice is RM440 (USD100), and the receivable after expenses and cost (of ~RM20) is ~RM420. Whether with or without e-inv, your account should still be recorded in this way leh....

Crap, now I really need to have a chat with him!

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

That is great news, thanks for sharing.

https://theedgemalaysia.com/node/785083

Yes...it is now confirmed

Don’t be too happy 1st 🤦‍♀️ after election which likely due to next year when BMX comes back to lower it will happen immediately

It is only delayed and not total policy abolishment because it will bound to be happens

Great news!!!

Don’t be so pessimistic la… looking at PM’s statement it’s because of feedback from SMEs, and honestly below 1M is small fries to them, if hanky panky also not worth to catch compared to bigger corps.

"This moment, here, now. Grab onto it and take it for a ride" and "If you spend your whole life waiting for the storm, you'll never enjoy the sunshine".

Besides, his probability to continue as next PM is a thing of the future, and future is not guaranteed, right?

This post has been edited by EnergyAnalyst: Yesterday, 01:16 AM

Don’t look at BMX statement 🤦‍♀️ it is all crafted to fool ppl just like petrol subsidy at first only for those M40 but yet it is all given free for all with capped so defeat the purpose subsidy reduction and same goes with toll abolishment promised since 2008 🤦‍♀️

What SMEs feedback when during the policy setup debate ppl making and now after threat from losing election then u turn delay

The problem is not the monetary value but fairness because a lot of ppl are paying taxes while many are evading taxes hence it is about fairness

It is not pessimistic but realistic and don’t ever think that delay are a good as it is bound to happen sooner later than you think

Don’t take for granted in the 1st place and prepared for eventuality because it is bound to happen as long as govt are desperate for sources of revenue 🤦‍♀️

Either way, no worries. We are prepared. Bought a bloody system and discussed and nearly sign up of a third party service firm and then this happened, so the system will sit idle since 2024 and the service firm engagement is also deferred .

The thing is the future has proven to be in a flux and will continue to be that way, so I will enjoy whatever is there to enjoy without doing the opposite: over prepared and may be meaningless in the end , like what I have just experienced