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 Govt ready 2 review e-Invoicing to avoid burdening, Anwar

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Natsukashii
post May 24 2025, 07:22 PM

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Revenue above RM500k, implentation is July 2025..

Now only wanna talk review??

This post has been edited by Natsukashii: May 24 2025, 07:23 PM
Natsukashii
post Jun 7 2025, 02:03 PM

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QUOTE(fongsk @ Jun 6 2025, 09:18 AM)
Whilst we talk about companies, how about individual claims for income tax?  Do we need e-invoice to be able to considered for tax exemption, eg for purchases like health watches, EVs, E-motors etc…

Anyone has any ideas?  Remember that even normal residents is supposedly to be under the e-invoice scheme by end Dec-25.  With this scrapping for those under 500k income, how about normal citizens for income tax claims/tax deduction?
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QUOTE(fongsk @ Jun 6 2025, 09:37 AM)
Thanks for clarifying.  Cos the earlier directive was we must key in the e-invoice numbers in our tax declaration or smoothing like this and everyone has a digital ID which they can do so.
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I think it's like this, seller issue e-inv. In the e-inv, has your IC/TIN. Then when you do income tax, it automatically already has the data.

QUOTE(Avangelice @ Jun 7 2025, 12:38 AM)
So here's the problem. Below 500 mil, don't need to do e invoice.

So if my customer want receipt with e invoice I don't have the system to do it.
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QUOTE(coconutxyz @ Jun 7 2025, 01:01 AM)
Below 500k ezempted for now, but the issue is also need to explain to customer your annual revenue

The implementation is just topkek
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For those who don't provide e-invoice, aren't the seller/supplier need to provide the IC/TIN/BRN so that the buyer issues self billed e-invoice? Or it's not necessary?


Natsukashii
post Jun 8 2025, 06:40 PM

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QUOTE(coconutxyz @ Jun 7 2025, 03:08 PM)
Self billed only required for few categories, cannot simply issue also
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If I call a bangla plumber.. or even local plumber (freelance), or local wireman, there is no need self bill e-inv? Sometimes they issue regular resit, or if not, I just get them sign payment received, stated their details and contact. So no need self billed e-invoice?

If I'm correct, this e-invoice is actually pointless because it's them who under report their income.

QUOTE(sansaboy @ Jun 7 2025, 02:43 PM)
Here we go again ,our famous u turn culture kick in

The whole point of e invoice is the enforcement target those company sme , revenue below 1 million or 500k

Those are the typical company who always under report their income and enjoy the subsidized to the max,few examples:

Aircon contractor, wire man, cctv installer, small renovation contractor, small tyre shop, workshop, small hand phone accessories shop.

And yes they are using cheap ron 95 to travel around doing business.

And under report their income every year

Most company with more than 1 million revenue, normally are sdn bhd setup ,with proper book audit yearly.
You enforce e invoice on them,
There is nothing to see inside their book,no differences

But when you enforce e invoice inside these contractor ?
Yes suddenly you see their business are so good alr compare to previously few years

At first I ready popcorn to see how this freelancer or contractor facing e invoice
But our lovely government delay the show again

How disappointed
Delay delay then elections come, sure delay again?
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Right, so I can be doing air-cond business and under report my income, buyer also don't issue self-billed invoice, since for these kind of things, does not fall under self-billed e-invoice part, and I also can always say I'm below rm1m.

Like my friend always say, to which I also agree, people who pay tax is the one they want to be strict towards and want to monitor/control more. Meanwhile, the real ones who under report, still enjoy under reporting.

This post has been edited by Natsukashii: Jun 8 2025, 06:41 PM
Natsukashii
post Jun 8 2025, 06:45 PM

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QUOTE(coconutxyz @ Jun 7 2025, 03:08 PM)
Self billed only required for few categories, cannot simply issue also
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It is said that self-billed will be needed for: Acquisitions of goods or services from individual taxpayers who are not engaged in business (applies only if other self-billed circumstances are not relevant)

That itself sort of says every expenses must be e-invoice for tax paying company.

If no e-invoice, then need to issue self-billed e-invoice.



This post has been edited by Natsukashii: Jun 8 2025, 06:46 PM

 

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