Wednesday, 14 May 2025

RAs are making huge profits every month and should be made to adopt e-invoicing for transparency and to reduce corruption

We beg to differ... RAs that operate GnG schemes are actually making lots of money quietly. And RAs should be made to adopt e-invoicing too because they are taking in huge profits from the residents. By right they should not even be regarded as non-profit organizations (This is a giant loophole for unscrupulous RAs to make money by bullying the residents into paying monthly maintenance fees for their informal GnG schemes despite no facilities).

Certain quarters are reaping in massive amounts of profits quietly tax-free from this shadow economy. No wonder there is a proliferation of informal gated/guarded community schemes everywhere in Malaysia. Many are run by syndicates and thugs, as this has become a multi-million ringgit black industry in the country.

It's time the government did something about this menace and we fully support the government's move that requires them to adopt e-invoicing. Afterall they are reaping in massive amounts of money in the name of non-profit entities without anyone knowing.

To all paying residents... please make sure you get your monthly e-invoices from your RA. (Only legitimate RAs will issue you e-invoices)


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