No reason to fear, firms told

Dr Abu Tariq Jamaluddin News

No reason to fear, firms told
LHDN
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GOTHENBURG, Sweden (Reuters) - European champions England withstood a second-half barrage to grab a 0-0 draw with Sweden in Group A3 and qualify for Euro 2025, with the Swedes heading for the playoffs after finishing third in the pool.

Sharing thoughts: Abu Tariq during the ACCCIM Power Chat 4.0. The event was moderated by ACCCIM’s treasurer cum chairman of SME Committee Datuk Koong Lin Loong. — GLENN GUAN/The Star

“We will consider their problems, which they may be facing, and if they have issues, we encourage them to meet our team. Under the rollout plan, businesses with revenue between RM25mil and RM100mil must implement e-invoicing by Jan 1 next year. When asked if the e-invoicing rollout would be delayed following calls by some parties, Abu Tariq noted that the new system was announced as early as 2022, including during the Budget 2024 discussions.

He noted that e-invoicing will operate as a “real-time validation system” for LHDN to capture information about the seller and buyer. “They will be fully exempted from e-invoicing for the time being and need not submit e-invoices or consolidated e-invoices.“We will update our e-invoicing guidelines to reflect the latest policy changes,” he said.

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