Academy / Lessons / Tax and compliance

Tax and compliance

The e-Invoice threshold, who is exempt, and what a valid invoice must carry before e-Invoice comes into it.

• EP46

  The e-Invoice threshold moves to RM3 million: do you still have to issue?

  From 1 September the exemption threshold moved from RM1 million to RM3 million, and more than 1.1 million businesses left the scope. Two things are widely got wrong: the year you look at, and what happens if you sit inside a group.

• EP48

  The classification the tax return wants: why you cannot tip everything into "other expenses"

  Half of what you spend in a year is lying in "other expenses". The accountant says the total agrees anyway — but the people reading your accounts are not only reading the total.

• EP63

  MyTax "roles": partnership, LLP, employer — and why does MyInvois show your name?

  You log in to MyInvois to issue your first e-Invoice, and the taxpayer name on the screen is your own name, not the company's. Or you want to file for the partnership and dig around in MyTax without ever finding its file. Two things, one reason: MyTax is not one account, it is a stack of roles.