Update June 13, 2025
- Revised Turnover Tiers and Deadlines: The IRBM’s new guidelines introduce five turnover tiers with staggered compliance deadlines, extending the timeline for smaller businesses to comply with e-invoicing requirements until 2026, compared to the original plan which mandated compliance by 2025.
- Grace Period and Compliance: A six-month grace period remains in effect, allowing taxpayers to issue e-invoices by the mandate date and resolve any non-compliance issues without penalties during this timeframe.
- Purpose of E-Invoicing Implementation: The move to e-invoicing aims to close the VAT gap and digitize tax reporting as part of Malaysia’s broader digital tax strategy, ensuring real-time visibility for the IRBM while allowing businesses flexibility in how they integrate the system.
Source RTCsuite
Update February 24, 2025
- Revised e-Invoicing Timeline: Malaysia has introduced a phased implementation schedule for e-Invoicing based on annual turnover, with deadlines set from August 2024 to January 2026, allowing businesses to prepare adequately for compliance.
- Interim Relaxation Measures: A six-month interim relaxation period for each implementation phase will enable businesses to gradually adopt e-Invoicing practices without immediate compliance pressure, allowing for consolidated invoicing and custom information input.
- Preparation Recommendations: Businesses of varying sizes are encouraged to proactively enhance their invoicing systems, train staff, and utilize government resources during the interim period to ensure a smooth transition into the new e-Invoicing framework.
Source RTCsuite
Other sources
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See also
Briefing Document: Comprehensive Overview of E-Invoicing Compliance in Malaysia – VATupdate
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
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