Malaysia's Inland Revenue Board Prioritizes E-Invoicing to Increase Tax Revenues

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Malaysia,Inland Revenue Board,E-Invoicing

The Inland Revenue Board (IRB) is focusing on e-invoicing to boost tax revenues and reduce leakages in Malaysia. The initiative aligns the country with global digitalization trends. However, businesses are not taking the implementation process seriously, mistakenly relying on software solutions.

The Inland Revenue Board (IRB) is prioritizing e-invoicing to increase tax revenues and reduce leakages in Malaysia. The initiative aims to digitalize the information flow between the government and taxpayers.

However, businesses have not taken the implementation process seriously, mistakenly believing that purchasing or upgrading software will solve the issue.

 

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