MSME Invoice IQ: Navigating the E-Invoicing Thresholds

Question 1

Which taxpayers can voluntarily adopt e-Invoicing before their mandatory implementation date?

Only large enterprises MSMEs below RM150,000 revenue All taxpayers, regardless of revenue Only government-linked companies

Question 2

What is the mandatory e-Invoice implementation date for MSMEs with annual revenue up to RM500,000?

1 January 2025 1 July 2025 1 January 2026 1 July 2026

Question 3

During the interim relaxation period, taxpayers can issue consolidated e-Invoices monthly.

True False

Question 4

Which scenario requires a self-billed e-Invoice for imported goods?

Goods delivered from a bonded warehouse to a Peninsular Malaysia customer Goods purchased under DDP incoterms Goods imported via loose container load (LCL) shipment All of the answers

Question 5

MSMEs with annual turnover below RM150,000 are exempt from issuing e-Invoices in Malaysia.

True False

Question 6

Once an MSME exceeds the RM150,000 threshold, they must implement e-Invoicing starting from 01/01/26

True False

Question 7

MSMEs that are subsidiaries of companies with annual revenue exceeding RM150,000 are exempted.

True False

Question 8

Which of the following is NOT exempt from e-Invoice requirements?

MSMEs with annual revenue below RM150,000 A sole proprietorship with multiple businesses totaling RM160,000 revenue A subsidiary of a company with revenue exceeding RM150,000 Foreign suppliers without a Malaysian Tax Identification Number (TIN)

Question 9

What penalty applies for non-compliance with e-Invoice requirements?

Warning only Fines up to RM20,000 and/or 6 months imprisonment Automatic exemption from future compliance Mandatory training

Question 10

How long does IRBM take to validate an e-Invoice?

24 hours 72 hours Near real-time (under 2 seconds) 1 month

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MSME Invoice IQ: Navigating the E-Invoicing Thresholds

Question 1

Question 2

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Question 5

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Question 9

Question 10