KUALA LUMPUR, March 12 — Approximately 26,665 companies have used the e-invoice system since it was implemented in August last year, with 207.4 million e-invoices issued as of March 10, said Deputy Finance Minister Lim Hui Ying.
This figure indicates a good level of acceptance among companies in complying with the implementation of e-invoices and the effectiveness of the system provided by the government through the Inland Revenue Board (LHDN).
However, she noted that although the acceptance level of the e-invoice implementation is good, taxpayers still face some challenges when using the platform.
"We are facing and have identified many challenges faced by taxpayers, (but) improvements have been made," Lim said during a question-and-answer session in the Dewan Negara today.
Meanwhile, the government allows micro, small, and medium enterprises (MSME) from Sabah and Sarawak to issue consolidated e-invoices that combine all of the MSMEs' sales transactions for the month.
"It only needs to be submitted to the LHDN within the first seven days of the following month through the MyInvois Portal or the MyInvois app for the e-invoice submission process to LHDN," she said.
Lim added that LHDN has provided e-invoice service counters across the country, equipped with computer facilities and Internet connections to assist MSMEs in issuing e-invoices in case of power supply issues or poor Internet connectivity.
— Bernama
