Are newly established businesses required to implement e-Invoicing?

Newly established businesses should determine their e-Invoicing obligations under the current LHDN/HASiL rules for new businesses. Where historical financial statements or revenue records are unavailable, the business should follow the prescribed method for assessing its position rather than assuming that it is automatically exempt or automatically in scope.

Because the treatment can depend on when the business commenced operations and the rules then in force, the latest General Guidelines should be consulted before deciding on an implementation date.

Key points

• New businesses should apply the current rules for newly established taxpayers.
• A lack of historical financial statements does not by itself settle the question.
• Follow the prescribed revenue assessment method where historical statements are unavailable.
• Review any applicable exemption conditions and exceptions.
• Confirm the position using the latest LHDN/HASiL guidelines.