In the 2024 budget bill released last month, the government announced that the long-rumored electronic invoicing (E-invoicing) tax filing system will be launched in phases from August next year. Our country’s tax system is about to enter a new era.
In order to comply with the new reporting model, whether merchants like it or not, they must start to explore relevant systems and software to ensure that the company can cope with the new regulations of the tax bureau. The author can't help but think of the implementation of GST that year.
Interestingly, IFCA Multimedia (IFCAMSC, 0023, GEM Technology Group), a business software solution company that became popular due to benefiting from the GST eight years ago, is expected to become a potential winner again this time.
based on existing 1,300 customers only 200 customers confirmed to implement on E-Invoice, and each project about RM150K, mean total next QR about RM30 Million revenue. I think similar case on Apr 2015 GST Implementation, it should up till RM1.70
Apr 2015 GST (raised to RM1.70), based on 10 years existing customers..... now after 10 years, customers raised to 1,300 ... mean IFCA should able to shoot up more than RM1.70...... i'm only target RM1.20 in next 2 to 3 months... lol
IFCA has four strategic marketplaces, namely Malaysia, Indonesia, China and International. Malaysia segment has actively organized E-Invoice campaigns by collaborating with a world’s established firm of accountants and business advisers, PKF nationwide. The response to these campaigns has been overwhelmingly positive, with e-invoice orders surging and driving sales orders to achieve strong double-digit growth in the first quarter. With existing clients transitioning to our E-Invoice Compliance edition and nationwide adoption of IFCA software on the horizon, the Malaysia outlook is promising. The Board is optimistic that these efforts will continue to generate new business opportunities for the segment.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Investing_Bursa
2,524 posts
Posted by Investing_Bursa > 2024-05-17 11:09 | Report Abuse
Let’s go !