Government offers six-month grace period for e-invoicing compliance

A 17-year-old girl left home with a man her family did not know, headlined China Press.

Not long after she left home, her family received a WhatsApp voice message from her, which was actually from an unfamiliar man, informing them that they were already in Kelantan.

The Malaysian Communications and Multimedia Commission (MCMC) has announced a new regulatory framework to be launched on August 1 and implemented starting January 1 next year.

The purpose is to create a safer online ecosystem for children and families, front-paged Guang Ming Daily.

Starting August 1 of this year, all social media services and internet information service platforms in Malaysia with at least 8 million registered users must apply for an application service provider license from the government, headlined Sin Chew Daily.

DAP veteran Lim Kit Siang has been bestowed with the prestigious Darjah Utama Pangkuan Negeri (DUPN), earning the title of Datuk Seri Utama, reported Kwong Wah Daily.

Nanyang Daily reported that the government has granted a six-month grace period for businesses to implement e-invoicing, giving the industry some temporary relief.

However, tax experts warn that there is no room for reversal on this measure.

Authorities will closely examine whether there are any loopholes, and even though there may be a “grace period,” businesses must still comply and cannot ignore the regulations.