The government has postponed the mandatory rollout of e-invoicing for companies with annual sales of RM1mil to RM5mil after concerns that many are unprepared due to high implementation costs.
Prime Minister Datuk Seri Anwar Ibrahim also announced a reduction in the sales and services tax on rental services from 8% to 6%, alongside a full exemption for MSMEs earning below RM1.5mil annually, a move that will cost the government nearly RM500mil in revenue.
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