Govt raises e-invoicing income threshold to RM1mil
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.
In June, the Inland Revenue Board (LHDN) had said the finance ministry had decided that the implementation of e-invoicing for companies earning between RM1 million and RM5 million will be deferred to Jan 1, 2026 from the previous July 1, 2025.
Implementation for companies with annual revenue of up to RM1 million, now scrapped, was to have been deferred to July 1, 2026.
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