Kuala lumpur: Consolidated e-Invoices will not be permitted to be issued for business transactions valued at over RM10,000 as well as by the electric power and telecommunications industries starting Jan 1, 2026. Deputy Finance Minister Lim Hui Ying announced these changes, highlighting the government’s continued efforts to regulate financial transactions and ensure transparency in high-value exchanges.
According to BERNAMA News Agency, the additional consolidated e-Invoicing prohibition for the power industry involves the country’s primary service providers involved in the distribution, supply, or sale of electricity to end users. As for the telecommunications industry, it covers service providers offering postpaid plans, Internet subscriptions, and electronic device bundle packages to customers. Lim made these clarifications while addressing a supplementary question from Syed Ibrahim Syed Noh (PH-Ledang) in the Dewan Rakyat, focusing on specific guidelines established for the types of transactions that are permitted to be consolidated under the e-Invoicing system.
Meanwhile, Lim stated that businesses are allowed to consolidate sales and service transactions for certain types of transactions based on the receipt details issued to buyers. However, traders must submit the receipt details to the Inland Revenue Board within the first seven days of the following month. This requirement aims to maintain accountability and accuracy in tax reporting.
The government, through the Finance Ministry, has previously determined seven activities and industries that are prohibited from issuing consolidated e-Invoices. These include the automotive industry (sale of motor vehicles), flight tickets and private charters, gold products and luxury goods, the construction industry, wholesale/retail of construction materials, licensed betting and gaming activities, and payments to agents or distributors. This expanded prohibition reflects the government’s ongoing commitment to refining its e-Invoicing regulations to prevent financial discrepancies and foster a more transparent economic environment.