- As Malaysia prepares for the mandatory adoption of electronic invoicing in June 2024, businesses must familiarize themselves with the system.
- The Inland Revenue Board of Malaysia aims to enhance tax collection and combat fraud, making compliance crucial.
- The comprehensive e-invoice guideline published by the IRB provides essential information on implementation, scope, and data requirements.
- Businesses must understand the functioning of the MyInvois portal, transmission methods, and software and hardware requirements.
- By July 2025, all Malaysian taxpayers will be required to comply with the e-invoicing standards, marking the final phase of implementation.
Source Storecove
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
