KUALA LUMPUR, March 3 – The Ministry of Finance Malaysia (MoF) reported that more than one billion e-invoices have been issued since the system’s rollout on August 1, 2024.
With 204,928 traders participating to date. The ministry said the strong uptake reflects positive acceptance among businesses, including small and medium enterprises (SMEs).
In a written reply in the Dewan Rakyat to Richard Rapu, MoF said 17,188 previously non-compliant taxpayers have voluntarily submitted income tax returns under Phases 1 and 2.
Declaring RM1.4 billion in prior-year income and contributing RM290 million in additional tax revenue. However, the ministry noted that a post-implementation study has yet to be conducted.
As the initiative remains in its early transition stage.
