e-Invoice: How does revenue changes affect you?

e-Invoice: How does revenue changes affect you?

The basis for revenue in determining e-Invoice implementation follows the annual turnover or revenue threshold as per the latest financial statements or tax filings.

Scenario: 2023 Revenue > RM150,000 but 2024 Revenue < RM150,000

• The Inland Revenue Board of Malaysia (LHDN) uses the previous year’s revenue as a benchmark.

• If an entity’s 2023 revenue exceeded RM150,000, it is required to implement e-Invoicing according to the relevant phase (based on whether it exceeded RM25M or RM100M).

• If the revenue drops below RM150,000 in 2024, the entity may qualify for an exemption, but LHDN has not explicitly clarified an automatic exemption process.

What Should You Do?

• Check with LHDN: If the current revenue is below RM150,000, it may be possible to apply for an exemption.

• Monitor annual revenue: If the revenue exceeds RM150,000 in the future, e-Invoicing will be mandatory again.

Join us for our e invoice training on 17 April 2025 to prepare you and your team. It is not just on your finance, it affects your entire operations and timing is now essential. Sign up now at www.intune.my/einvoice

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