PETALING JAYA: A total of 7,900 companies have adopted the e-invoice system, involving 87 million issuance overall as of Nov 19, says the Finance Minister.
“This shows a good level reception of e-invoice system implementation among the companies,” he said in a written parliamentary answer on Friday . “The government has provided a grace period of six months for businesses to issue consolidated e-invoices, which involve consolidating monthly transactions.
He added that to assist SMEs in implementing the system without additional costs, the Inland Revenue Board had provided a portal called MyInvois where businesses are allowed to submit the e-invoice to the board for free.
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: