News Formal

Finance Ministry: 7,400 companies adopt e-invoicing system, issuing 58 million invoices by mid-October

  • 📰 malaymail
  • ⏱ Reading Time:
  • 22 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 86%

E-Invoicing News

E-Invoice,Finance Ministry,Inland Revenue Board IRB

KUALA LUMPUR, Oct 23 — A total of 7,400 companies have adopted the e-invoice system, with 58 million e-invoices issued as of Oct 14, 2024, according to the Ministry of Finance...

Room for the third vote: What is the Federal Capital Act 1960, and why is PAS attacking DAP over calls to amend it?‘He’s like a brother to me’: Kedah MB’s aide says he hugged it out with trader after viral altercation claimsTo ensure smooth e-invoice management, the IRB has introduced the batch upload function, and the details are available on the user guidelines on the MyInvois portal.

“The full implementation will begin on July 1, 2025, involving all businesses, including micro, small, and medium enterprises ,” the ministry said in a written reply published on Parliament’s website yesterday. “A unique identification number will be assigned to each verified e-invoice, allowing the Inland Revenue Board of Malaysia to track transactions during audits, ensuring no alterations, fraud, or forgery of the e-invoice.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Deputy Finance Minister on medical leave until Oct 16It said, “We anticipate that several hundred people will be impacted globally.”
Source: staronline - 🏆 4. / 75 Read more »

Deputy Finance Minister Lim Hui Ying on medical leave until Oct 16 following surgeryPUTRAJAYA, Oct 11 — Deputy Finance Minister Lim Hui Ying is on medical leave for nine days, from Oct 8 to Oct 16, after undergoing surgery on Oct 4. In a statement today, her...
Source: malaymail - 🏆 1. / 86 Read more »

RM27.17bil linked to 1MDB recovered as of September, says Finance Ministry(Reuters) -Ingram Micro is targeting a valuation of up to $5.42 billion in its U.S. initial public offering, the technology products distributor said on Tuesday, underscoring a resurgence in private-equity backed stock market listings.
Source: staronline - 🏆 4. / 75 Read more »