PETALING JAYA: Smaller companies will get almost a year’s head start to adopt e-invoicing following the rollout of Phase 1 of the digital billing system on Thursday, says the Kuala Lumpur and Selangor Indian Chamber of Commerce and Industry.
He also said that the larger companies have been given ample time to prepare for the migration to e-invoicing as it was announced in Budget 2024 last October. Last Friday, Inland Revenue Board chief executive officer Datuk Abu Tariq Jamaluddin said that companies will be allowed to only issue consolidated e-invoices during a six-month grace period to ensure the smooth implementation of the Aug 1 rollout.
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