How is annual revenue determined for e-Invoicing eligibility?
Table of Contents
Annual turnover or revenue should be assessed according to the method and relevant financial information specified in the current LHDN/HASiL General Guidelines. The relevant assessment can depend on the taxpayer’s circumstances, including the availability of financial statements and the applicable rules for determining the relevant period.
Businesses should consult the section of the current General Guidelines that deals with the determination of annual turnover or revenue and the RM3-million exemption. Do not assume that the latest month’s sales, cash receipts, or a single management report automatically determines eligibility.
Key points
- Use the assessment method in the current General Guidelines.
- Check which financial period and records apply to the taxpayer.
- Where financial statements are unavailable, follow the specific rules for that circumstance.
- Keep supporting calculations and financial records.
- Review the official LHDN/HASiL e-Invoice Guidelines page.
Related questions
What is e-Invoicing in Malaysia?
E-Invoicing in Malaysia is the electronic creation, submission, validation, and storage of invoice d...
Is e-Invoicing mandatory in Malaysia?
E-Invoicing is mandatory for businesses and taxpayers that fall within the scope of Malaysia’s imple...
Why has Malaysia introduced e-Invoicing?
Malaysia introduced e-Invoicing to improve tax administration, strengthen transaction transparency, ...
