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In future, consult stakeholders earlier on major policies, govt told

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Chinese trade groups welcome the revised revenue threshold for e-invoicing, but says early engagements on future reforms will ensure clarity and practicality.

PETALING JAYA: The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) has urged the government to hold consultations with stakeholders well before making major economic policy decisions in the future.

ACCCIM welcomed Putrajaya’s decision to raise the annual revenue threshold for mandatory e-invoicing, saying it had repeatedly voiced concerns that this was among factors that could increase business costs, leading to a ripple effect on the economy.

It also appreciated the government’s decision to provide a two-year moratorium on the requirement to report job vacancies under the MYFutureJobs portal as part of proposed amendments to the Employment Insurance System Act 2017 (Act 800).

Tags:ACCCIMbusinessesChinese Chamber of CommerceconsultE-invoicingInland RevenueLHDNmajor policiesSMEstakeholders


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