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Without E Invoicing and Stronger Payment Process Controls, EPA is Form

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[Music] to support the growth of the digital economy the government intends to implement e invoice in stages in an effort to enhance the efficiency of Malaysia's Tax Administration Management it is in line with the 12th Malaysia plan where the focus is on strengthening the Digital Services infrastructure and digitalizing the tax administration the E invoice will enable real-time or near realtime validation and storage of transactions catering to business to business business to Consumer and busin to government transactions say goodbye to Conventional digital invoices as e invoicing with continuous transaction control is here to boost your accounting operations as announced in budget 2024 e invoices will be mandatorily implemented in three stages Phase 1 effective August 1st 2024 it will be implemented for businesses with an annual turnover of 100 million ring it and above Phase 2 beginning January 1st 2025 it will be expanded to businesses with an annual turnover between 25 mil

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