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flag 7,400 Malaysian companies adopt e-invoicing system since August 2024 to enhance tax compliance by January 2025.

flag As of October 14, 2024, Malaysia's Ministry of Finance reports that 7,400 companies have adopted the e-invoicing system, issuing 58 million e-invoices since its launch on August 1, 2024. flag The initiative aims to enhance tax compliance and reduce tax evasion. flag The second phase will start on January 1, 2025, targeting mid-sized companies, with full implementation for all businesses set for July 1, 2025. flag A new platform is being developed to assist with Tax Identification Number verification.

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