E Invoice LHDN : Briefly Explained.

IRB will be rolling E-invois (E-Invoice) for businesses starting from 2024 and all businesses will have to adhere to this system effective from 1.1.2027. What exactly is E-Invoice?
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[@ngkokching85]

hi.. would like to ask, what if suppliers from China, they are still using hand-writting invoice/receipts, how will it affecting in this e-invoicing? tq

[@yoshiYoishIRL]

Not only china, japan and some clients from the US and UK as well....

[@Ironman83738]

Buyer have to self billed as proof of purchased. Otherwise you will be questioned by IRB. You need to spend more man power to do it. 😅

[@syedizzuliqmalsyedhazman3920]

Will this make it more challenging to auditors? Or already got the guideline for auditors?

[@drbilltay]

now in talk to cut off audtors for transaction with 3 millions and below. no different for auditors, but not able to help their customer to invade tax.

[@siewwei-2385]

How would it affect to investment holding company (rental income) , will IHC need to issue e-invoice to tenant?

[@drbilltay]

yes, mandatory. coz tenant want to submit the tax for the rent deduction too.

[@WymanWoon]

Complicated invoice for complicated people?

[@Onion_Knights]

complicated invoice to complicate people

[@Ironman83738]

Should be doing a fair job for government same as GST implementation. Spend more money to hire people, softwares , digital certificate & thus increase the expenses for the company. Government dont care as they said to fight corruption & tackle the company who invade the tax.😂 Confirm you will see sales drop & product price increase for coming year.