- Malaysia is implementing a four-phase electronic invoicing initiative starting in August 2024, bringing significant operational changes for businesses.
- Electronic invoicing will streamline tax-related processes, making payment transactions easier for companies.
- The Inland Revenue Board of Malaysia (IRBM) aims to revolutionize tax administration by facilitating transactions and ensuring compliance. The IRBM allows two transmission mechanisms and enables international transactions through the PEPPOL network, expanding market opportunities for Malaysian businesses.
Source Storecove
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Latest Posts in "Malaysia"
- Briefing Document & Podcast: E-Invoicing in Malaysia: Scope, Regulations & Future Outlook
- Malaysia Drops High-Value Goods Tax, Applies Higher Sales Tax to Luxury Items
- Malaysia Clarifies Sales Tax Refund Procedures for Manufacturers’ Machinery and Equipment Purchases
- Malaysia Updates Indirect Tax Forms Requiring More Detailed SST-02 Return Reporting
- Malaysia 2026 Budget: Tax Exemption Extensions, New LLP Tax, Carbon Tax Introduction