328 million e-invoices processed by LHDN so far
Published on: Thursday, June 12, 2025
Published on: Thu, Jun 12, 2025
By: Predeep Nambiar, FMT Text Size: LHDN's e-invoicing director Rasyidah Che Rosli said some smaller taxpayers have joined the e-invoicing system voluntarily ahead of their mandatory dates. GEORGE TOWN: The Inland Revenue Board (LHDN) has validated more than 328 million e-invoices since the country began its move towards a digital tax system last year. LHDN's e-invoicing director Rasyidah Che Rosli said the numbers came from about 35,000 taxpayers who submitted their records through the new system.
Advertisement 'These are from users in Phases 1 and 2. Some smaller taxpayers have also joined voluntarily ahead of their mandatory dates,' she said, speaking to reporters on the sidelines of an event by CTOS in Bayan Lepas today. LHDN is phasing in e-invoicing by company size, with Phase 1, which started on Aug 1 last year, covering large businesses with annual sales of over RM100 million. Phase 2, which started on Jan 1, covers companies with sales of between RM25 million and RM100 million. Phase 3 (RM5 million-RM25 million turnover) starts on July 1 and Phase 4 (RM1 million-RM5 million) on Jan 1, 2026. The smallest firms (below RM1 million) will come on board by July 1, 2026. The e-invoicing system, part of the government's plan to improve tax compliance and reduce fraud, is meant to help LHDN keep a better record of business deals and make it easier for taxpayers to fill in their tax forms. E-invoices, which let businesses report sales immediately or on a monthly basis, are sent in real time or in monthly groups. The system can also handle self-billed e-invoices, such as for transactions with foreign suppliers or people who do not run businesses. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Rakyat Post
2 hours ago
- Rakyat Post
Malaysia's E-commerce Platforms Require Bahasa Melayu Product Listings Under New Rules
Subscribe to our FREE E-commerce platforms in Malaysia are now requiring sellers to use Bahasa Melayu in their product listings following new government regulations that took effect this month. Shopee, Lazada and TikTok Shop have notified sellers that they must comply with the Consumer Protection (Electronic Trade Transaction) Regulations 2024 Using Bahasa Melayu for all product titles and descriptions (brand names excluded) Displaying complete seller information, including name, contact details and business address Providing safety certifications for applicable products Implementation and Support Measures Meanwhile, the original compliance deadline of 24 June has been postponed pending review, with a new timeline to be announced once confirmed. To help sellers adapt, ecommerce platforms provide automatic translation feature that converts product descriptions to Bahasa Melayu. Penalties for non-compliance: Individuals: Up to RM50,000 fine and three years' jail for the first offence Companies: Up to RM100,000 fine for first offence Repeat offenders face doubled penalties While some sellers have raised concerns about implementation challenges, others have lauded the move as dignifying the national language and promoting Malaysian identity in the digital marketplace. Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.
The Sun
3 hours ago
- The Sun
MoF: SST registration for expanded scope starts August 1
KUALA LUMPUR: The Ministry of Finance (MoF) has announced that new registration applications in relation to the expansion of the service tax scope and the revision of the sales tax rate, effective from July 1, 2025, can be made starting from Aug 1, 2025. For existing registered persons, applications for the addition of new services under the expansion of the service tax scope and tariff codes under the revision of the sales tax rate, which is effective from July 1, 2025, can be submitted beginning June 24, 2025, the ministry said in a post on X today. On June 9, the government announced a targeted review of the sales tax rate and an expansion of the service tax scope, both of which will take effect from July 1. The sales tax rate remains unchanged for essential goods, while a five or 10 per cent rate will be imposed on selected items. Meanwhile, the scope of the service tax will be expanded to include six new services: leasing or rental, construction, finance, private healthcare, education, and beauty services. Treasury secretary-general Datuk Johan Mahmood Merican reportedly said that revenue from the Sales and Service Tax (SST) collection is expected to increase by RM5 billion in 2025 and by RM10 billion in 2026, following the implementation of the SST revised and expanded scope starting next month.
The Sun
4 hours ago
- The Sun
New applications for revised service, sales tax scope open from Aug 1
KUALA LUMPUR: The Ministry of Finance (MoF) has announced that new registration applications in relation to the expansion of the service tax scope and the revision of the sales tax rate, effective from July 1, 2025, can be made starting from Aug 1, 2025. For existing registered persons, applications for the addition of new services under the expansion of the service tax scope and tariff codes under the revision of the sales tax rate, which is effective from July 1, 2025, can be submitted beginning June 24, 2025, the ministry said in a post on X today. On June 9, the government announced a targeted review of the sales tax rate and an expansion of the service tax scope, both of which will take effect from July 1. The sales tax rate remains unchanged for essential goods, while a five or 10 per cent rate will be imposed on selected items. Meanwhile, the scope of the service tax will be expanded to include six new services: leasing or rental, construction, finance, private healthcare, education, and beauty services. Treasury secretary-general Datuk Johan Mahmood Merican reportedly said that revenue from the Sales and Service Tax (SST) collection is expected to increase by RM5 billion in 2025 and by RM10 billion in 2026, following the implementation of the SST revised and expanded scope starting next month.
