- Malaysia’s IRB launched Phase 3 of e-Invoicing on July 1
- Mandatory for businesses with annual sales between RM5 million and RM25 million
- MyInvois e-POS System now available to businesses with sales under RM750,000
- System integrates sales, inventory, financial reporting, and e-Invoicing
- Phase 5 for smaller businesses starts in 2026, early adoption encouraged
- Initiative aims to modernize tax processes and support business efficiency
- Expansion of MyInvois system to support SMEs
- Early adoption by SMEs is critical to avoid future disruptions
- Reflects Malaysia’s effort to improve tax administration through digitalization
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.
