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Make The Switch From Physical To e-invoicing With UOB SmartBusiness
In tabling the Budget 2024 earlier this year, the government announced that taxpayers will be required to adopt e-invoicing starting from 1 August 2024. The move is aimed at helping companies with record-keeping processes and help reduce tax compliance costs. With this, taxpayers will no longer need to keep physical copies of their receipts, invoices, and vouchers for seven years – as is currently required.
Read on to find out how companies can make the switch:
Explore the possibilities and transform your business with UOB SmartBusiness’ suite of curated digital solutions to help streamline operations and maximise efficiency. From seamless payment gateways to automating manual processes, UOB SmartBusiness empowers businesses with the tools and technologies needed to thrive in the digital age with their wide range of partners.
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1 e-Invoice Implementation Timeline - Inland Revenue Board Malaysia:
https://www.hasil.gov.my/en/e-invoice/e-invoice-implementation-timeline/
2 Overview of the e-invoice Model - Inland Revenue Board Malaysia:
https://www.hasil.gov.my/en/e-invoice/overview-of-the-e-invoice-model/
