Do you remember the initial implementation of GST in 2014 and how it caused confusion and frustration for many businesses? It highlighted a crucial lesson for all Malaysian businesses “the importance of clearly understanding tax rules and regulations and preparing early”.

Although GST is no longer in effect, there are other challenges for all businesses with the upcoming mandatory of e-Invoicing and ongoing developments in Sales and Service Tax (SST). Similar to the GST experience, ignorance of these new tax rules and regulations may lead to unforeseen difficulties and more significantly leading to hefty penalties.

As of 9 June 2025, LHDN has announced an update on expanding new service tax for 6 major industries as listed below: 

Did you know SST is one of the 55 required fields for e-Invoice​❓It directly connects with your e-Invoice in several ways👇👇👇:

1. SST details embedded: Specific SST information (e.g., amount charged) are recorded in the e-Invoice.
2. Real-time verification by LHDN: All data is verified near real-time by LHDN. LHDN will be able to track your e-invoices to verify against your SST declarations.
3. Compliance: e-Invoices will disclose SST calculations. Any incorrect data submitted can be quickly detected by LHDN. 

Why You Must Learn e-Invoice:

Lessons from 2014 GST era clearly indicated that being unprepared for tax changes can let your business Cost Millions. With e-Invoicing, the hidden risks include:

☑️Errors leads penalty: Reporting errors or incomplete e-invoices may result in hefty fines from LHDN because all data recorded is near real-time.

☑️Responsibility: As a business owner, you are responsible for staying tax compliant and learning the fundamentals of e-Invoicing. This is not something you should solely assign to your staff.

☑️Fines, penalties, or imprisonment: Non-compliance with tax rules and regulations can result in a fine of not less than RM200 and not more than RM20,000, imprisonment not exceeding 6 months, or both – as per Section 120(1) of the ITA 1967.

And MORE hidden risk…..

Don't let history repeat itself in terms of confusion and stress. Equip yourself with the knowledge to navigate these changes smoothly and avoid unnecessary penalties. At the same time, we will reveal the other required fill for e-Invoice through our webinar to help you understand e-invoice and prepare effectively.

Thus, we invite you to to join our upcoming FREE Tax Webinar【Bosses Must Avoid: 3 e-Invoice Landmines】specially conducted by YYC’s Executive Director and Country Tax Leader – Zen Chow‼ 🤩

Date：02/07/2025

Time：10AM - 12PM

Speaker: Zen Chow, YYC Executive Director and Country Tax Leader

Platform: Zoom

Fee: Free (Limited to first 300 registered!)

Throughout the webinar you will have the opportunity to:

✅ Get insights into the latest e-invoicing implementation schedules and deadlines.

✅ Understand the step-by-step process of e-invoicing, from creation to submission and validation.  

✅ Avoid unnecessary penalties and e-Invoice landmines 

✅ …and even MORE‼ 

✨ Prepare for e-Invoicing now before it’s too late!! 

Click on the button NOW to RESERVE your FREE SLOT!