The state budget law doesn’t contain any details about the e-invoicing system, however in a conference held by the Inland Revenue Board (IRB) of Malaysia in March 2023, a timeline for the roll-out of the e-invoicing system was presented. The system is set to start during this year with the launch of a pilot e-invoicing program for selected taxpayers. Furthermore, companies besides the ones selected could also choose to participate voluntarily in the pilot program.
Source: sovos.com
Latest Posts in "Malaysia"
- Malaysia’s 2025 SST Reform: Expanded Tax Scope, New Rates, and E-Invoicing Challenges
- Government Favors Enhancing SST Over Reintroducing GST for Faster Revenue and Fiscal Impact
- MoF Favors SST Over GST for Faster Implementation and Revenue Generation
- Malaysia’s 2026 E-Invoicing Mandate: Key Updates and Implementation Timeline
- Impact of Malaysia’s Expanded Sales and Service Tax on Businesses: Key Changes and Exemptions
