- Stamp duty relief is granted for employment contracts signed before 1 January 2025
- Contracts signed in 2025 must be stamped by 31 December 2025
- Self-assessment for stamp duty starts on 1 January 2026
- Consolidated e-invoices are banned for transactions over RM10,000 from 1 January 2026
- Until end-2025, consolidated e-invoices are allowed unless specific e-invoices are required
- e-invoicing exemption threshold increases to RM500,000
- Businesses with revenue ≤ RM5 million have a 6-month deferral for e-invoicing
- Phased e-invoicing begins in August 2024, with full rollout by 2027
- Employers and businesses should review contracts and transaction values for compliance
- Penalties apply for non-compliance during transition periods
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.
