The Malaysian Inland Revenue Board (LHDNM) plans to gradually introduce mandatory electronic invoicing starting from 1 July 2024 to 1 January 2027. The new system will cover all domestic and cross-border transactions conducted by Malaysian taxpayers and will follow a Continuous Transaction Control model. The pilot phase is set to be launched in May 2024, allowing authorities and businesses to gather experience before the system’s first phase launch in August 2024. Learn more about the new and upcoming e-invoicing regulations in Malaysia.
Source Comarch
Latest Posts in "Malaysia"
- Malaysia Reduces Service Tax on Rental and Leasing to 6% with New Refund Framework
- Malaysia Extends Service Tax Exemption for Construction, Clarifies Rules for Religious Buildings
- Sales Tax Exemption for Raw Materials in Animal Feed, Fertilizer, and Pesticide Manufacturing
- Procedures for Invoicing and SST-02 Declarations: 2% Service Tax Exemption on Rental Services
- Service Tax Exemptions for Rental and Leasing Services: Key Amendments Effective January 2026
