SMEs face hurdles ahead of mandatory e-invoicing rule

E-Invoices News

SMEs face hurdles ahead of mandatory e-invoicing rule
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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.

GEORGE TOWN: The shift towards mandatory e-invoicing is posing significant challenges for smaller businesses as highlighted by industry leaders.

“SMEs will also be hard-pressed to catch up with the large firms despite being given a one-year gap for implementation,” he said recently. Malaysia Semiconductor Industry Association president Datuk Seri Wong Siew Hai echoed similar concerns, particularly on the short implementation period. “This makes the implementation process a challenging undertaking, coupled with insufficient service providers or IT consultants available to work on the changes required on business processes and the Enterprise Resource Planning systems,” he said.

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