KUALA LUMPUR (July 7): The government announced on Tuesday a grace period to allow businesses to amend their submitted e-invoices if required without incurring penalties.
From the date of mandatory implementation until end-December 2027, the e-Invoice Special Voluntary Disclosure Programme allows businesses to review and update their e-invoice transactions that have or should have been submitted, said Prime Minister Datuk Seri Anwar Ibrahim.
“During this period, any updates, reviews and corrections submitted voluntarily will not be subjected to penalties by the Inland Revenue Board,” Anwar told the Dewan Rakyat.
A post on the Inland Revenue Board’s Facebook said further details on the programme will be disclosed on the e-invoice microsite in due course.
The mandatory e-invoice rollout was expanded to include businesses with annual revenue of up to RM5 million on Jan 1, 2026 and had already been implemented for those with higher revenue thresholds earlier.
The initiative has helped with tax compliance, with more than 50,000 taxpayers submitting additional taxes totalling RM1 billion, according to Anwar. Businesses with revenue below RM1 million are exempt from e-invoice implementation.
Meanwhile, Anwar said the government has agreed to allow full capital allowance claims within one year for qualifying expenditure related to e-invoice implementation.
The allowance covers expenditure on the acquisition of computer equipment and the cost of developing or modifying software used for the implementation of e-invoicing, he noted.
Anwar was responding to Lee Chuan How (PH–Ipoh Timor), who asked whether the government is aware of concerns among micro, small and medium enterprises on their difficulties in obtaining financing to support their businesses.
The government has provided loan facilities and financing guarantees amounting to over RM15 billion, particularly to support working capital requirements of smaller firms affected by the crisis in West Asia, the PM reiterated.
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