PETALING JAYA: Small and medium enterprises are concerned that the electronic invoicing (e-invoicing) system, the first phase of which will be implemented on Aug 1, will have a negative impact on them.
PETALING JAYA: Small and medium enterprises are concerned that the electronic invoicing system, the first phase of which will be implemented on Aug 1, will have a negative impact on them.
SPONSORED CONTENT Shell awards Sabah LiveWIRE winners Kota Kinabalu: Shell has awarded five enterprises as the state winners of Shell LiveWIRE Malaysia 2024, following the Sabah state finals held at Plaza Shell in Kota Kinabalu. . Read more Ng said following the announcement that e-invoicing will come into force on Aug 1, large businesses have begun to send out notices to their vendors, including SMEs, asking them to fulfil the new condition or be delisted.
“We must remember that e-invoicing is not just about learning how to issue the invoice online, even if there’s a free-to-use portal, but it will also have an impact on operations and add another layer of complexity to doing business,” he said. “The government also needs to consider the readiness among those in the rural areas to implement e-invoicing,” the spokesman said.
“We know the government wants to improve the taxation system, but they need to consider the fact that many entrepreneurs are ill-prepared,” he said.
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