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Malaysia to Introduce Electronic Invoicing Staged Implementation

Electronic invoicing will also become a reality in Malaysia, according to the Ministry of Finance’s Pre-Bugdet Statement 2023. The goal of this statement is to strenghten recovery and to facilitate reforms towards sustainable socio-economic resilience.

As the recovery momentum gains traction in the post-COVID-19 period, the Government is looking forward to focusing on reforms to improve the rakyat’s wellbeing particularly income and social protection, the competitiveness of Malaysian, and to strengthen the nation’s resilience against future shocks while consolidating the Government’s fiscal position.

The Government is committed to prioritise its digital transformation, in order to impact on society and economy. Efforts to increase digital technology utilisation will be intensified to improve the quality of service and productivity of government services.

Source Edicom

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