- Malaysia adopts PINT-MY Billing for e-invoicing, based on UBL 2.1 XML format
- Guidelines set for B2B and B2G invoicing via MyInvois platform
- Supports automation and tax compliance with defined business roles and tax tagging
- Enforces rules on calculations and corrections, validated by IRBM
- Aligns Malaysia’s e-invoicing with international standards
- Implementation guidelines ensure consistent, compliant e-invoicing
- Supports digital adoption by businesses, especially SMEs
- Defines core business roles and supports various invoice types
- Malaysian e-invoicing reform led by IRBM and MDEC
- E-Invoices submitted via MyInvois portal or API
- Mandatory fields include seller and buyer info, tax IDs, and delivery details
- Invoices can link to purchase orders and related documents
- Supports multiple payment methods and item pricing details
- Tax compliance includes SST, TTx, LVG, and HVGT
- Specific tax codes and formats required for compliance
Source: fiscal-requirements.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.
