- Revised E-Invoice Guidelines: On January 28, 2025, the Inland Revenue Board of Malaysia published updated versions of the e-invoice Guidelines (v.4.1) and Specific Guidelines (v.4.0), which clarify rules regarding self-billed transactions, exceptions for self-billed e-invoices, and the consolidation of self-billed transactions.
- Exemptions and Consolidation Rules: The new guidelines specify that certain international organizations are exempt from issuing e-invoices, including self-billed invoices. Additionally, consolidation of self-billed transactions is generally disallowed, with exceptions for claims from insurance companies to non-business individuals and transactions involving taxpayers’ overseas branches.
- New Requirements for Self-Billed E-Invoices: Buyers must now issue self-billed e-invoices for specific transactions such as capital reductions and liquidation proceeds. The guidelines also clarify exceptions for self-billed e-invoices related to interest payments, including new provisions for interest paid to related companies and late payment charges, which must be implemented by July 1, 2025.
Source Orbitax
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