In October 2022, the Malaysian Ministry of Finance announced in its state budget plans to launch a pilot e-invoicing program in 2023 – starting with selected taxpayers.
Following the engagement sessions, the IRBM has published a guideline regarding the implementation details of the upcoming e-invoicing system. The Malaysian e-invoicing system will be a CTC clearance model scheduled to begin in June 2024, with approximately 4,000 companies exceeding the determined threshold.
- Scope of the Malaysian e-invoicing mandate
- How will businesses issue e-invoices?
- Key requirements for Malaysia’s e-invoicing system
- Implementation Timeline
- What’s next?
Source: SOVOS
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