As businesses across Malaysia prepare for the implementation of the new e-invoicing requirements, it’s crucial to understand the flexibility offered during the first six months. Contrary to what some may believe, this period is not a delay in the implementation but rather an opportunity for businesses to adapt and streamline their processes.

The Inland Revenue Board of Malaysia (LHDN) has introduced a six-month adjustment phase where businesses can utilize consolidated e-invoices instead of issuing individual transactional e-invoices. This flexibility is designed to ease the transition, but it does not allow for postponing your compliance efforts.

our Executive Director, Thenesh Kannaa, delved into the nuances of this adjustment phase, clarified common misconceptions, and shared strategies for businesses to manage the change effectively. He also highlighted the conditions under which businesses can benefit from the penalty-free period and discussed the implications of non-compliance.

To gain deeper insights into how your business can navigate this new e-invoicing regime with confidence, kindly listen to the talk