IRB'S Phase Three  e-invoicing Attracts Over 4,900 Voluntary Participants

PUTRAJAYA, Jan 18 (Bernama) — Phase Three of the e-invoicing initiative has received over 4,900 early voluntary participants, according to the Inland Revenue Board (IRB).

In a statement today, IRB noted that the e-invoicing implementation has now entered the second phase and has shown a promising increase in participation.

According to the statement, as of yesterday, more than 7,000 taxpayers in phase two have adopted the e-invoicing system.

"This positive trend brings the total number of active users to 17,000, spanning companies, businesses, and organisations, with approximately 137 million e-invoices issued.

"This growing number reflects a continuous improvement in understanding and acceptance of the e-invoicing system among taxpayers," IRB said. 

The board announced that e-invoicing will be fully implemented on July 1, 2025, encompassing all taxpayers, including Micro, Small, and Medium Enterprises (MSMEs).

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Currently, the government has agreed to exempt over 700,000 micro and small enterprises with annual sales below RM150,000 from mandatory e-invoicing.

"The government strongly encourages the participation of micro and small enterprises to voluntarily adopt the e-invoicing initiative, in line with the nation's aspirations toward digitalising business operations," the statement read.

IRB added that a six-month transition period will be provided to give taxpayers flexibility in issuing consolidated e-invoices, which aggregate all monthly sales transactions.

"During this transition period, no penalties will be imposed on taxpayers who at least issue consolidated e-invoices," it said.

IRB also highlighted that the MyInvois Portal is available free of charge for e-invoice submission processes.

— BERNAMA