- Malaysian Inland Revenue Board released updated guidelines on e-invoicing requirements
- Mandatory e-invoicing phased implementation starting August 1, 2024
- Taxpayers with annual turnover exceeding 100 million ringgits must comply by this date
- E-invoicing requirement will apply to taxpayers with turnover between 25 million and 100 million ringgits by January 1, 2025
- All other taxpayers must implement e-invoicing by July 1, 2025
- Guidelines also include exemptions for certain taxpayers
- Examples and FAQs provided to help taxpayers with the new system.
Source: globalvatcompliance.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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