The Inland Revenue Board of Malaysia (IRBM) has announced a 6-month relaxation period for the mandatory implementation of e-invoices, allowing organisations to issue consolidated e-invoices for all transactions, enter transaction descriptions, and issue consolidated e-invoices upon buyer request without issuing an e-invoice for each transaction. There will be no prosecution action for non-compliance during this period, and taxpayers who implement the e-invoicing requirements within the set timeline will be eligible for a reduction in the capital allowance claim period from three years to two.
Source TJC Group
Click on the logo to visit the website
- ee also
- 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
