On 25 October, the Malaysian Digital Economy Corporation (MDEC) signed the MoU with the Inland Revenue Board of Malaysia (LHDNM), witnessed by the Ministry of Finance and Ministry of Communications and Multimedia Malaysia, to establish collaboration on the National e-Invoicing Initiative.
The National e-Invoicing Initiative plans to follow the Peppol framework as its preferred option. A CTC model is anticipated to be introduced following the e-invoicing adoption to establish real-time tax controls.
Source: pagero.com
Latest Posts in "Malaysia"
- Malaysia Introduces Financial Incentives to Accelerate E-Invoicing Adoption and Compliance
- Malaysia Issues Accelerated Capital Allowance Rules for E-Invoicing Implementation Expenses
- New Rules for Foreign Currency Exchange Rates on Malaysian Service and Sales Tax Invoices
- Malaysia’s MyInvois: Mandatory E-Invoicing System for Enhanced Tax Compliance and Digital Transformation
- Overview of General Information, Regulatory Environment, Fiscal Devices, and Fiscal Documents
