- The Inland Revenue Board of Malaysia announced a revised timeline for e-invoicing implementation on 5 June 2025.
- E-invoicing will be implemented in phases, with new schedules for taxpayers with annual turnover up to MYR 5 million.
- Taxpayers with turnover over MYR 100 million must implement by 1 August 2024.
- Taxpayers with turnover over MYR 25 million up to MYR 100 million must implement by 1 January 2025.
- Taxpayers with turnover over MYR 5 million up to MYR 25 million must implement by 1 July 2025.
- Taxpayers with turnover over MYR 1 million up to MYR 5 million have a new date of 1 January 2026.
- Taxpayers with turnover up to MYR 1 million and not below MYR 500,000 have a new date of 1 July 2026.
- Taxpayers with turnover below MYR 500,000 are currently exempt from e-invoicing.
- A six-month interim relaxation period is available for phases III, IV, and V.
- During this period, consolidated e-invoices are allowed, and no prosecution for noncompliance will occur if requirements are met.
- From 1 January 2026, e-invoices must be issued for each transaction over MYR 10,000, and consolidated invoicing will not be permitted.
Source: taxathand.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.
