CME: Without a special scheme for micro-businesses, e-invoicing may backfire

ON 22 May, 2023 the Inland Revenue Board of Malaysia (LHDN) announced that an electronic invoicing (e-invoicing) system will be implemented in stages starting from 2024.

LHDN shared that a pilot implementation with selected companies will begin in April 2024, followed by mandatory implementation based on company’s annual revenue.

The new scheme will target…