Starting in August 2024, Malaysia will implement a CTC clearance model for large taxpayers engaged in commercial activities. The pilot phase, originally set for January 2024, has been postponed, and the Inland Revenue Board of Malaysia (IRBM) has now scheduled it to begin in May with 50 participating companies. Participation in the pilot program is voluntary for any company interested.
Source Sovos
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Click on the logo to visit the website
Latest Posts in "Malaysia"
- MyInvois Portal FAQs – Key Features and Practical Guidance (Updated 9 March 2026)
- Malaysia 2026 Sales and Service Tax Updates: New Rates, Exemptions, and Refund Mechanisms
- 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
