2025 Tax Trinity: US Tariffs, SST Expansion and E-invoicing

KUALA LUMPUR, Dec 11 (Bernama) -- 2025 will be remembered as the “tariff year”, no thanks to the unexpected United States (US) tariffs that shook markets worldwide, with Malaysia not spared.

Raising e-Invoice Threshold To RM1 Mln Eases Pressure On SMEs, Says Economist

By K. Naveen Prabu and Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, Dec 9 (Bernama) -- Exempting companies with annual revenue of below RM1 million from implementing e-invoicing will ease administrative pressure on small and medium enterprises (SMEs) and allow them to focus on their core business activities, said an economist.

Raising E-Invoicing Exemption Threshold Gives Businesses Clarity -- FMM

KUALA LUMPUR, Dec 8 (Bernama) -- The e-invoicing exemption threshold, which has been raised from RM500,000 to RM1 million, will provide businesses greater clarity to plan while easing immediate compliance-related burdens, said the Federation of Malaysian Manufacturing (FMM, formerly known as Federation of Malaysian Manufacturers).

Additional 200,000 SMEs To Benefit From New E-invoicing Exemption Threshold -- Samenta

KUALA LUMPUR, Dec 7 (Bernama) -- An additional 200,000 small and medium enterprises (SMEs) are expected to be exempted from e-invoicing following the government’s announcement to raise the exemption threshold to RM1 million, starting in 2026.

Govt Urged To Scrap 5 Pct Sales Tax On Sawn Timber, Review SST Expansion

KUALA LUMPUR, Dec 3 (Bernama) -- The government has been urged to exempt the five per cent sales tax on sawn timber and to review the expanded scope of the Sales and Services Tax (SST), which has resulted in double taxation for the timber and wood-based industries.

Croesus IT Eyes Plantation Tech Expansion Following Leap Market Debut

KUALA LUMPUR, Dec 3 (Bernama) -- Croesus IT Holdings Bhd is bolstering its focus on plantation technology (tech) as a key growth segment for the company following its listing on the LEAP Market of Bursa Malaysia today.

Govt Expands Consolidated e-Invoice Prohibition To Power, Telecom Industries

KUALA LUMPUR, Nov 24 (Bernama) -- Consolidated e-Invoices will not be permitted to be issued for business transactions valued at over RM10,000 as well as by the electric power and telecommunications industries starting Jan 1, 2026.

735 Mln E-Invoices Issued By 108,000 Taxpayers - Lim

KUALA LUMPUR, Nov 24 (Bernama) --  A total of 735 million e-invoices have been issued by 108,000 taxpayers as of Nov 21, 2025, Deputy Finance Minister Lim Hui Ying said.

Govt Reduces Dependence On Petroleum-related Revenue To 16.9 Pct From 28 Pct In 2022

KUALA LUMPUR, Nov 6 (Bernama) -- The government has succeeded in reducing its dependence on petroleum-related revenue to 16.9 per cent in 2025 compared to 28 per cent in 2022 through revenue measures implemented since 2023, according to the Ministry of Economy.

Budget 2026 Marks Turning Point In Malaysia’s Fiscal Narrative – Economist

KUALA LUMPUR, Oct 13 (Bernama) -- Malaysia’s Budget 2026 represents a clear shift in the government’s fiscal strategy, prioritising efficiency and discipline over new taxes to create spending space, according to economist Geoffrey Williams.

Budget 2026 Reinforces Govt's Commitment Towards Strengthening Tax Governance -- PwC Malaysia

KUALA LUMPUR, Oct 11 (Bernama) -- Budget 2026 reinforces the government’s commitment to strengthening tax governance and anti-leakage measures, reflecting continued efforts to enhance fiscal transparency and enforcement, said PwC Malaysia.

Budget 2026 Balances Fiscal Consolidation With Fairness, Competitiveness - ICAEW Members

KUALA LUMPUR, Oct 10 (Bernama) -- Budget 2026 balances fiscal consolidation with fairness and competitiveness, according to Institute of Chartered Accountants in England and Wales (ICAEW) members.