Last week, I had the honor of presenting at Bursa Malaysia on a topic that is not only timely but transformative: "Unlocking Investment Potential in Sarawak." The highlight? The unprecedented interest and discussion around Sarawak's Green Hydrogen initiative, a testament to the growing awareness and enthusiasm for sustainable energy solutions.
The session turned into a vibrant forum, with "Green Hydrogen" stealing the spotlight. It's clear that as we pivot towards a greener f...
The session turned into a vibrant forum, with "Green Hydrogen" stealing the spotlight. It's clear that as we pivot towards a greener f...
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Charlie Yuan
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$IFCAMSC(0023.MY$, $ADB(0276.MY$with $CENSOF(5195.MY$
On October 13, 2023, Malaysian Prime Minister and Finance Minister Anwar announced the 2024 budget, which specifically mentioned the implementation of electronic invoicing (e-Invoicing). This policy will undoubtedly have a profound impact on the market.
Following the announcement of the budget, the Malaysian Inland Revenue Authority (IRBM) released the latest version of the e-Invoicing Guidelines v2.1 on October 28, 2023. The guide details the new timeline for the implementation of electronic invoicing and marks the government's firm determination to drive the transformation of the digital economy. From August 1, 2024, taxpayers with an annual turnover or revenue exceeding MYR 100 million will be required to use electronic invoices; from January 1, 2025, this requirement will be extended to taxpayers with annual turnover or income exceeding MYR 25 million; finally, by July 1, 2025, all remaining taxpayers will be included in this policy.
For businesses with a large number of transactions, direct API integration provides a convenient way to automatically submit electronic invoices from the ERP system to LHDN, greatly improving efficiency and automation. Additionally, LHDN has launched a web-based portal that allows businesses without an ERP system to manually submit electronic invoices.
On the stock market side, there are currently three companies actively participating in the electronic invoicing business, including IFCA...
On October 13, 2023, Malaysian Prime Minister and Finance Minister Anwar announced the 2024 budget, which specifically mentioned the implementation of electronic invoicing (e-Invoicing). This policy will undoubtedly have a profound impact on the market.
Following the announcement of the budget, the Malaysian Inland Revenue Authority (IRBM) released the latest version of the e-Invoicing Guidelines v2.1 on October 28, 2023. The guide details the new timeline for the implementation of electronic invoicing and marks the government's firm determination to drive the transformation of the digital economy. From August 1, 2024, taxpayers with an annual turnover or revenue exceeding MYR 100 million will be required to use electronic invoices; from January 1, 2025, this requirement will be extended to taxpayers with annual turnover or income exceeding MYR 25 million; finally, by July 1, 2025, all remaining taxpayers will be included in this policy.
For businesses with a large number of transactions, direct API integration provides a convenient way to automatically submit electronic invoices from the ERP system to LHDN, greatly improving efficiency and automation. Additionally, LHDN has launched a web-based portal that allows businesses without an ERP system to manually submit electronic invoices.
On the stock market side, there are currently three companies actively participating in the electronic invoicing business, including IFCA...
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