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Proposed Tax Changes in 2024 Bills: E-Invoicing and Labuan Business Activity Tax Amendments

  • The Income Tax (Amendment) Bill 2024 and Labuan Business Activity Tax (Amendment) Bill 2024 passed in the lower house of Parliament on 26 March 2024
  • Proposed tax-related changes include allowing taxpayers issuing e-invoices to issue receipts in any manner and requiring e-Commerce platform providers to issue self-billed e-invoices
  • These changes would be effective from 1 January 2024.

Source: kpmg.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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