Last update: July 7, 2025
- Implementation Timeline: Malaysia is set to implement mandatory e-invoicing for businesses starting from January 1, 2024, with a phased approach targeting large enterprises first, followed by small and medium-sized enterprises (SMEs) later.
- Compliance Requirements: The guidelines specify that businesses must utilize the approved e-invoicing solutions that comply with the standards set by the Royal Malaysian Customs Department (RMCD), ensuring seamless integration with their existing accounting systems.
- Objectives and Benefits: The initiative aims to enhance tax compliance, reduce tax fraud, and streamline the invoicing process, ultimately contributing to improved efficiency and transparency in the Malaysian tax system.
Sources:
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See also
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
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