July 8, 2024

Effective July 4th, 2024, the government has introduced several enhancements to address-related fields in GST registration functionalities, including New Registration, Amendment Application (Core & Non-Core), and Geocoding Business Addresses. These changes are based on user feedback and analysis of reported issues.In this blog, we will cover the updates, as well as the benefits and challenges

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July 8, 2024

The 53rd GST Council meeting brought several significant updates that directly impact taxpayers. While the official updates can sometimes be heavy on jargon and technical details, let’s break down what’s truly in it for you, the taxpayer.Reduced Compliance BurdenOne of the standout announcements is the reduction in compliance requirements for small businesses. The GST Council

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June 27, 2024

As Malaysian enterprises gear up for the mandatory adoption of e invoice Malaysia, the transition brings both opportunities and challenges. The shift to digital invoicing promises improved accuracy, faster processing times, and enhanced compliance, aligning with Malaysia’s broader digital transformation agenda. However, large enterprises often face significant pain points during this change, including integration complexities,

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June 20, 2024

In recent years, Malaysia has experienced a significant digital transformation across various industries, including finance. The adoption of electronic invoicing (e-invoicing) represents a major advancement in modernizing business transactions, enhancing efficiency, and meeting regulatory requirements. The Lembaga Hasil Dalam Negeri (LHDN), also known as the Inland Revenue Board of Malaysia (IRBM), has been instrumental in

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May 6, 2024

By planning the well-organized introduction of e-invoicing, Malaysia has put itself among the many highly compliant countries in the world. However, this is not an uncommon event. The rise of e-invoice implementation has increased quite significantly in the last few years.More and more countries are recognizing the legal, financial, and operational benefits of making e-invoicing

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May 6, 2024

With the finalization of implementation for e-invoicing, Malaysia is now months away from digitizing, automating, and streamlining the time-consuming process of traditional invoicing. It will allow the country to join the ranks of countries like Japan, India, the US, and Australia.By replacing paper with digital, e-invoicing in Malaysia will enable businesses to increase data security,

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