Govt urged to clarify public, business concerns over e-Invoice

Statement Notizia

Govt urged to clarify public, business concerns over e-Invoice
MCALim Ban HongE-Invoice

First job down on farm is sorting through pig placenta. Woman grows to love the job, shows no regrets about decision.

  • 📰 staronline
  • ⏱ Reading Time:
  • 45 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 75%

PETALING JAYA: The recent"e-Invoice Guideline " issued by the Inland Revenue Board has raised concerns among micro, small and medium-sized enterprises , says the MCA.

Secondly, Lim said e-Invoices may cause businesses' financial costs to spike, and there were also concerns over security and tax data privacy. Lim also suggested several steps the government should take to enhance the e-Invoice system, including enhancing training and support for businesses, especially MSMEs.

Therefore, it is necessary for the government to clarify the implementation details in order to create a more convenient business environment rather than burdening the public. This would have a burden on business operations and potentially lead to closures or forced market exits for some micro businesses and petty traders.

2) Strengthen regulation of security and tax data privacy, such as establishing stricter data security standards and intensifying supervision of businesses, to ensure that tax data is not subject to unauthorised access and abuse.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

staronline /  🏆 4. in İT
 

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Deputy Finance Minister: IRB examining proposed solutions to assist MSMEs execute e-invoice transactionsDeputy Finance Minister: IRB examining proposed solutions to assist MSMEs execute e-invoice transactionsKUALA LUMPUR: The Inland Revenue Board (IRB) has and is examining several proposed solutions to make it easier for micro, small and medium enterprises...
Leggi di più »



Render Time: 2025-01-21 00:08:18