- Taxpayers with annual turnover below MYR 500,000 are exempt from e-invoicing for now
- E-invoice implementation timeline updated with deferrals for certain turnover brackets
- 1 August 2024 for turnover over MYR 100 million remains unchanged
- 1 January 2025 for turnover over MYR 25 million up to MYR 100 million remains unchanged
- 1 July 2025 for turnover over MYR 5 million up to MYR 25 million, previously over MYR 500,000
- 1 January 2026 for turnover over MYR 1 million up to MYR 5 million, previously up to MYR 500,000
- 1 July 2026 for turnover up to MYR 1 million is a new date
- Updated guidelines published including e-Invoice Guideline Version 4.4 and Specific Guideline Version 4.2
- New businesses from 2023 to 2025 with turnover at least MYR 500,000 have a date of 1 July 2026
- New businesses from 2026 onwards have a date of 1 July 2026 or upon commencement
- If first-year turnover is less than MYR 500,000, implementation is 1 January in the second year after reaching MYR 500,000
- General FAQs are being updated to reflect these changes
Source: orbitax.com
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
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.
