Melaka coffee shop keepers set to meet MoF over e-invoice

Kota Melaka MP Khoo Poay Tiong has arranged a dialogue between the Malacca Coffee Shop-Keepers Association and the Ministry of Finance, to address small businesses’ concerns regarding the implementation of e-invoice set to begin on August 1st this year.

To this end, he contacted Deputy Finance Minister Lim Hui Ying.

“This concern was conveyed to me earlier when I attended the Malacca Coffee Shop-Keepers Association dinner, and I received concerns from the president of the association, Mr. Wong, who is also the president of the Malaysian Singapore Coffeeshop Proprietors’ General Association (MSCSPGA).

“I immediately contacted Deputy Finance Minister Lim Hui Ying to arrange for dialogue between the association and the Ministry of Finance to address the traders’ concerns,” he said via a Facebook post.

He added that the deputy minister readily agreed to the request and is expected to meet with the MSCSPGA and its members after the successful implementation of e-Invoicing for large enterprises on August 1st, to listen to the traders’ feedback and make improvements.

“The deputy minister also instructed me to reassure the traders and advise them not to be overly anxious or worried,” he said.

He said he has explained to all attendees the government’s rationale behind implementing the e-invoice measure during the event, primarily to combat the shadow economy, prevent tax evasion, and indirectly increase the country’s revenue for community and public facility development projects.

Starting August 1st, 2024, Malaysia will introduce e-invoice, initially applicable for taxpayers with an annual turnover exceeding RM100 million.