- Dr. Wee suggests reconsidering e-invoicing due to lack of proper mechanism
- He proposes bringing back GST to overcome confusion
- Small businesses will struggle with e-invoicing implementation
- Large businesses may not do business with small ones without e-invoicing
- Penalties for not implementing e-invoicing are excessive for small traders
- Dr. Wee questions safety of e-invoicing users’ data
- Confusion over new terminology like “refund note” on e-invoicing portal
- Dr. Wee questions the need for e-invoicing when GST could solve revenue issues
- Mandatory e-invoicing for all businesses by July 1 next year
- First phase of e-invoicing project begins on Aug 1 for companies with annual earnings of RM100mil and above
Source: thestar.com.my
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
