Link4, Author at Link4 E-invoicing

The B2B Impact of e-Invoicing in the Automotive Sector

The automotive industry plays a crucial role in Malaysia’s economy, contributing almost 4% to the national GDP and supporting a vast network of B2B transactions. From dealerships to distributors, companies in this sector handle complex transactions daily, often involving multiple...

November 19, 2024

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Budget 2025 Incentives Boost e-Invoicing Adoption in Malaysia

With the announcement of Malaysia’s Budget 2025, a growing conversation emerged around the importance of rewarding compliance in the nation’s evolving tax ecosystem. This discussion highlights the shift from punitive measures to positive reinforcement, emphasising how rewarding businesses for timely...

October 30, 2024

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Using Financial Intelligence and e-Invoicing to Defeat Cybercrime

Cybercrime is on the rise globally, and Malaysia is no exception. According to CyberSecurity Malaysia, 4,174 cases have been reported as of August 2024. While cybersecurity measures, such as firewalls, encryption, and anti-virus software, are critical, they don’t address the...

October 26, 2024

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Taxpayers Embrace e-Invoicing with Over 34 Million Invoices Processed Since Launch

Since its implementation on August 1st, Malaysia’s Inland Revenue Board (LHDN) has received over 34 million e-Invoices from taxpayers. This impressive figure marks a significant milestone in the country’s journey toward digitized tax compliance and highlights key positive implications for...

October 9, 2024

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Boosting Business Benefits in Malaysia with Peppol e-Invoicing

Malaysia’s transition towards e-Invoicing, driven by the Inland Revenue Board of Malaysia (IRBM), is part of a larger initiative to modernize tax reporting processes. This mandate is not just a policy shift; it represents a significant transformation in how businesses...

September 11, 2024

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LinkFor Marks 8 Years of Growth with Record Revenue Across All Markets

LinkFor, a leading e-Invoicing solution provider, has doubled its sales revenue for the fifth straight year, marking a significant milestone as it approaches its 8 year anniversary. Since its inception, the company has been at the forefront of revolutionising the...

September 9, 2024

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Early adoption of e-Invoicing by SMEs to ease transition into new e-Invoicing mandate

SMEs embracing e-Invoicing now would provide significant advantages, such as cost savings, better cash flow management, enhanced security, increased efficiency, and reduced errors. It streamlines processes, promotes sustainability by reducing paper usage, and ensures compliance with regulatory standards. During a...

August 1, 2024

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LHDN Malaysia grants 6-month grace period for mandatory e-Invoicing adaptation

The Inland Revenue Board (LHDN) announced on Friday a six-month grace period for taxpayers transitioning to the mandatory e-Invoicing system, effective August 1, 2024. This measure aims to facilitate a smoother shift, allowing businesses to issue consolidated e-Invoices for all...

July 27, 2024

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LinkFor Awarded Malaysia Digital Status and Service Provider Accreditation by MDEC

LinkFor, a leading e-Invoicing solutions provider, has been awarded the ‘Malaysia Digital (MD) Status’ and ‘Service Provider Accreditation Award’ at the National e-Invoicing Open Day and Accreditation Ceremony, hosted by the Malaysia Digital Economy Corporation (MDEC). This recognition officially establishes...

July 18, 2024

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Benefits of e-Invoicing for Malaysian SMEs in 2024

Malaysia’s e-Invoicing mandate is set to enter phase one with the purpose of increasing the national tax revenue from businesses across the country. The gradual roll out begins on August 1st, 2024 starting with businesses with annual sales exceeding RM100...

July 15, 2024

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Author: Link4