PETALING JAYA: The government has decided to exempt businesses with annual revenue under RM1 million from e-invoicing, which comes into effect on Jan 1.
Prime Minister Anwar Ibrahim said this was decided by the Cabinet yesterday.
“The initial threshold of RM500,000 (for mandatory e-invoicing) has been raised to RM1 million. This means that small companies no longer need to carry out e-invoicing,” Anwar, who is also the finance minister, said at an event in Kota Kinabalu, Sabah, today.
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