The Malaysian government will introduce mandatory e-invoicing in 2023.
Reasons behind e-invoicing in Malysia
The move was announced in Budget 2023. To support growth of the digital economy, the government intends to implement e-Invoicing in stages in effort to enhance the efficiency of the country’s tax administration management. The implementation of e-Invoicing will improve the quality of services and reduce compliance costs to taxpayers, while increasing the efficiency of business operations, as was announced by the Ministry of Finance.
Source Comarch
