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Prime Minister Anwar Ibrahim announces a voluntary e-invoice declaration programme with no penalties until December 2027, alongside accelerated tax incentives to lighten compliance costs for Malaysia's micro, small and medium enterprises.
Malaysia's tax authority has launched a voluntary disclosure scheme for e-Invoices, running until December 2027, that permits businesses to correct filing errors without facing penalties while accelerating digital implementation incentives.
Malaysia's e-invoicing system has prompted 52,540 taxpayers to voluntarily declare RM4.07 billion in previously unreported income, marking a significant compliance improvement since its August 2024 launch.