KUALA LUMPUR (Feb 24): A total of 212,543 taxpayers have submitted more than one billion e-invoice transactions in all from 2024 to Feb 23, 2026, said Deputy Finance Minister Liew Chin Tong. Liew said the number of transactions provides a clearer picture for addressing tax non-compliance, revenue leakage, and the growth of the black market. “E-invoicing also helps companies digitise their businesses,” he said during a question-and-answer session in the Dewan Rakyat on Tuesday. According to Liew, the government raised the annual sales threshold for e-invoice implementation exemptions twice in 2025 — from RM150,000 to RM500,000 on June 5, 2025, and then to RM1 million on Dec 6, 2025. “This phased approach benefits over one million taxpayers, especially hawkers, small traders and roadside stallholders, by exempting them from the e-invoice implementation requirement,” he said.

Source: The Edge Markets February 24, 2026 08:05 UTC