- Malaysia has raised the e-invoicing exemption threshold to RM1 million in annual turnover.
- E-invoicing will be implemented in phases from 2024 to 2026, depending on business size.
- Taxpayers with annual turnover below RM1 million are exempt from e-invoicing.
- New businesses starting between 2023 and 2025 with turnover of at least RM1 million must implement e-invoicing from 1 July 2026.
- Businesses starting from 2026 must implement e-invoicing on 1 July 2026 or upon commencement, with requirements based on when turnover exceeds RM1 million.
Source: regfollower.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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