KUALA LUMPUR, Oct 21 (Bernama) -- The Inland Revenue Board (LHDN) has received more than 2.09 billion e-invoices since the digital transformation initiative was introduced in stages nationwide.
General : LHDN Receives Over 2.09 Billion E-Invoices, Uses Data Analytics To Improve Tax Compliance
LHDN, e-invoice, data analytics, tax compliance, v
Key points
- Director of Policy and Compliance Section within the LHDN Tax Operations Sector’s E-Invoice Division, Mohd Syazli Mokthar, said the initiative was now in its third year and had involved more than 269,000 taxpayers.
- Mohd Syazli said data analytics functions had been integrated into the e-invoice system to filter, process and analyse taxpayers' financial profiles automatically upon submission of digital invoices.
- On non-compliance, he said LHDN frequently detected errors among businesses that issued e-invoices only for commercial stock transactions but overlooked other activities, such as the disposal of business assets and rental income.
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