The Malaysian tax authority (the Inland Revenue Board or IRB) and the Malaysian Digital Economy Corporation (MDEC) have announced details of the country’s new electronic invoice system. Currently,e-Invoicing in Malaysia is not mandatory. However, as confirmed by the IRB, Malaysia will gradually implement e-Invoicing from early 2024.
- Who will be under the scope?
- What is the implementation timeline of the system?
- What is the format, and will invoices need a digital signature?
- What are the submission methods?
- Will there be an archiving period for the invoices?
Source: SNI
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