In a significant move towards modernizing tax systems and enhancing transparency, Malaysia’s Inland Revenue Board (IRBM) has unveiled a major tax reform that will impact all taxpayers engaging in B2G, B2B, and B2C transactions.
The new e-Invoice regulation is set to be implemented in phases, with a clear timeline provided by the IRBM. The rollout is as follows:
- January 2024
- June 2024
- January 2025
- January 2025
- January 2026
- January 2027
Source: SNI
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