Will MSMEs that have been mandated to implement e-Invoice be eligible for the exemption again if their annual turnover or revenue falls below the RM1 million threshold in the subsequent years? MSME 涓€鏃﹁瑕佹眰瀹炴柦 e-Invoice锛屼箣鍚庤惀涓氶涓嬮檷鏄
Will MSMEs that have been mandated to implement e-Invoice be eligible for the exemption again if their annual turnover or revenue falls below the RM1 million threshold in the subsequent years? MSME 涓€鏃﹁瑕佹眰瀹炴柦 e-Invoice锛屼箣鍚庤惀涓氶涓嬮檷鏄
Will MSMEs that have been mandated to implement e-Invoice be eligible for the exemption again if their annual turnover or revenue falls below the RM1 million threshold in the subsequent years?
No exemption will be granted after the mandatory implementation year has been determined, and taxpayers are required to continue issuing e-Invoices even if their total annual turnover or revenue do not exceed RM1 million in the subsequent years.
The following example is provided for ease of understanding:
Similar facts pattern as Winner Fertilizer Sdn. Bhd. above. However, the annual turnover or revenue recorded as of 31 December 2027 has dropped below the RM1 million threshold.
Even though the 2027’s annual turnover or revenue recorded is below the exemption threshold, Winner Fertilizer Sdn. Bhd. will remain obligated to implement e-Invoice. This is due to the requirement that no e-Invoice exemption will be provided once MSMEs have been mandated to implement e-Invoice
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