No penalties for voluntary e-Invoice corrections until end-2027, says PM Anwar

KUALA LUMPUR, July 7 — The government plans to introduce an e-Invoicing Voluntary Disclosure Programme until December 31, 2027, allowing taxpayers to correct submitted or omitted e-Invoice transactions without penalties from the Inland Revenue Board.

Prime Minister Datuk Seri Anwar Ibrahim said the programme would give taxpayers the opportunity to review, update and make comprehensive corrections to e-Invoice transactions that had been or should have been submitted from the mandatory implementation date until the programme ends.

“During this period, any updates, reviews and corrections submitted voluntarily will not be subject to penalties by LHDNM,” he said during Prime Minister’s Question Time in the Dewan Rakyat today.

Anwar was replying to Howard Lee Chuan How (PH-Ipoh Timor), who asked whether the Madani government was aware of challenges faced by businesses, particularly micro, small and medium enterprises (MSMEs), amid the current global environment, and what steps were being taken to support their survival.

Anwar said the government also agreed to accelerate tax incentives for taxpayers who fully comply with e-Invoicing by allowing full capital allowance claims within one year on qualifying expenditure related to its implementation.

He said this would cover spending on information and communications technology equipment, as well as the development or modification of computer software used for e-Invoicing.

He said the government was mindful of feedback over compliance costs linked to e-Invoicing and was prepared to consider measures to ensure its implementation did not burden MSMEs.

Anwar said the government had provided more than RM15 billion in loan facilities and financing guarantees, particularly to support working capital needs for businesses affected by the West Asia crisis.

He said Bank Negara Malaysia’s Stability Relief Facility had approved almost RM1 billion since its launch in mid-May 2026, benefiting more than 1,500 MSMEs, while the Business Financing Guarantee Scheme had approved guarantees for RM4.9 billion in financing as of the first half of 2026.

Anwar said microcredit loans through agencies such as Bank Simpanan Nasional, Agrobank and TEKUN Nasional had also reached RM2.2 billion, benefiting 195,000 micro-entrepreneurs.

He added that about 200,000 citizens had been approved for an additional 100 litres under BUDI Diesel as of July 6, while the government would continue supporting MSMEs through digitalisation grants and stronger enforcement against illegal businesses operated by foreigners.