- Malaysian Inland Revenue Board issued updated guidelines on mandatory e-invoicing in Malay and English
- Guidelines cover types of transactions, taxpayers, and scenarios for mandatory e-invoicing
- Mandatory e-invoicing starts Jan 1, 2026, for taxpayers with income or sales over 1 million and up to 5 million ringgits
- Starts July 1, 2026, for taxpayers with income or sales up to 1 million ringgits
- Taxpayers not subject include self-billed e-invoices, individuals not conducting business, and those with income or sales under 500,000 ringgits
- Templates provided for sending e-invoices to the Tax Agency via MyInvois portal or API
- Requirements include proof of employee expenses and cross-border and e-commerce transactions
Source: news.bloombergtax.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.
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