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πŸ‡²πŸ‡Ύ Below RM3 Million β€” Can You Stop E-Invoice? 😱

πŸ‡²πŸ‡Ύ Below RM3 Million β€” Can You Stop E-Invoice? 😱

Bosses! Being below RM3 million doesn’t automatically mean you can stop doing e-Invoice! 😱

 

A lot of business owners saw the threshold change from:

 

πŸ’° RM1 Million β†’ RM3 Million

 

and thought:

 

β€œWah! Then I don’t need to do e-Invoice already?” πŸ˜†

 

❌ Hold on! Don’t jump to conclusions just yet!

 

What you need to look at is more than just your annual turnover πŸ‘‡

 

β‘  Is your annual turnover / revenue below RM3 million?

β‘‘ Do you qualify for the relevant e-Invoice exemption?

β‘’ Could your shareholder / holding company affect your eligibility?

β‘£ Are there related companies / JVs that may affect your status?

 

So even if your company’s own turnover is below RM3 million,

 

πŸ‘‰ it doesn’t necessarily mean you can simply stop doing e-Invoice!

 

And here’s the most important part:

 

⚠️ E-Invoice exemption β‰  Exemption from Accounting

 

⚠️ E-Invoice exemption β‰  Exemption from Tax

 

⚠️ E-Invoice exemption β‰  No Record-Keeping

 

So bosses, remember:

 

RM3 Million is a threshold β€”

 

not a big STOP button you can press the moment you see RM3M! πŸ˜‚

 

These rules can get complicated, so don’t worry about figuring everything out at once.

 

β˜•οΈ Follow us as we break it down step by step!

.

 

Ask Bryan Cheong
Syntax Technologies εΎ½ζ ‡Β  Syntax Technologies Sdn Bhd
SQL Accounting Software & SQL Payroll Software
Sales . Training . Support
πŸ“ž 012 – 663 9318
πŸ“§ info@syntech.com.my

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