E-Invoicing Update: Exemptions and Extended Deadlines for MSMEs
E-Invoicing Update: Exemptions and Extended Deadlines for MSMEs. The Malaysian government has made significant changes to the e-invoicing regulations, which will benefit small traders and micro, small, and medium-sized businesses (MSMEs).
E-Invoicing Update: Exemptions and Extended Deadlines for MSMEs
The Malaysian government has made significant changes to the e-invoicing regulations, which will benefit small traders and micro, small, and medium-sized businesses (MSMEs). By making the switch to the e-invoicing system easier, these modifications hope to provide companies enough time to adjust and stay in compliance.
Key Updates
Small Business Exemption
Under RM150,000 in annual sales, businesses are no longer required to use e-invoicing. This action lowers the regulatory burden for more than 700,000 small traders.
New Deadline for MSMEs
Extended to January 1, 2026, for businesses with yearly sales between RM150,000 and RM500,000. Furthermore, a six-month transition period will be offered to guarantee a seamless process of adaption.
QNE AI Cloud Accounting Will Help You Stay Ahead
Early preparation is essential for smooth compliance. QNE AI Cloud Accounting is intended to streamline your e-invoicing process and assist your company keep ahead of regulatory developments. With features that are simple to use and automated possibilities, you can be sure that the implementation will go smoothly and confidently concentrate on expanding your business.
Future-proof your business today!
The transition to electronic invoicing need not be too difficult. Start preparing in advance and benefit from clever accounting solutions that simplify compliance. Contact us to start your journey to a simplified e-invoicing process.
