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Malaysia's government has increased the e-invoicing exemption threshold from RM1 million to RM3 million in annual turnover, easing compliance burdens for smaller businesses. This marks the first upward revision since the mandate's implementation and directly benefits firms in the RM1 million to RM3 million revenue band.
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Malaysia Raises E-Invoicing Exemption Threshold to RM3 Million

Malaysia has raised its e-invoicing exemption threshold from RM1 million to RM3 million in annual turnover, marking the first upward revision since the mandate's implementation. This change eases compliance burdens for smaller businesses in the RM1–3 million revenue band, though critical details on effective date and transitional arrangements remain unspecified.

3 min read
HMRC is proposing to close a legal asymmetry between direct and indirect tax enforcement by introducing a criminal offense for 'reckless' false statements on income and corporation tax filings. This move seeks to align direct tax penalties with existing rules for VAT and other indirect taxes.

HMRC Proposes Criminal Offense for Reckless Direct Tax Filings

HMRC proposes a new criminal offense for reckless false statements on direct tax filings to align enforcement with indirect tax rules. The offense targets behavior that knowingly files potentially incorrect information without proper checks, with penalties including unlimited fines and up to two years imprisonment.

2 min read

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