Implementation of e-Invoice tackles shadow economy, impact still being assessed – Hui Ying KUALA LUMPUR: The government has taken several steps to tackle the shadow economy as an effort to increase national income, including through the implementation of the e-Invoice system which will begin in 2024. Deputy Finance Minister Lim Hui Ying said the implementation of e-Invoices aims to strengthen more progressive administration and accelerate the digitalisation of the taxation system, while also helping to curb shadow economy activities. “At this time, the government has not been able to identify its impact because the e-Invoice has not yet been fully launched and it takes time,” he said during an oral question and answer […]

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