Malaysia Postpones E-Invoicing System: Businesses Get More Time to Adapt

Malaysia Postpones E-Invoicing System Implementation Kuala Lumpur, Malaysia – The Malaysian government has announced a postponement of the mandatory e-invoicing system, offering businesses more time to adjust to the new requirements. This decision, announced by Deputy Finance Minister Datuk Lim Huat Eng, directly addresses concerns raised by businesses, particularly those classified as PMKs (Penjaja Mikro Kecil). The postponement is intended to provide a smoother transition to the new system, which is scheduled to begin on July 1st, 2025. "The postponement is hoped to enable companies to have time to adjust to the system provided by LHDN," stated Datuk Lim. The new system will impact businesses with annual revenue exceeding RM5 million up to RM25 million. The video also highlighted that the LHDN will not be enforcing any penalties related to e-invoicing before the new implementation date. The government's decision reflects a commitment to supporting businesses and ensuring a fair transition to the new digital system. The postponement demonstrates responsiveness to industry concerns and a commitment to economic stability. The visuals in the accompanying video show the practical impact on various businesses, illustrating the scale of the policy change.