Starting in May 2024, the Inland Revenue Board (IRB) in Malaysia will launch an electronic invoice pilot program to test its effectiveness and integration with companies. Approximately 4,000 taxpayers will be required to start using electronic invoices from August 2024. The mandatory electronic invoicing will be gradually introduced by the Malaysian tax authority and the Malaysian Digital Economy Corporation (MDEC), initially affecting B2B transactions in 2024, followed by B2G transactions in 2026, and finally impacting B2C transactions in 2027.
Source Edicom
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