- Service tax and sales tax invoices issued in foreign currency must also state the amount in MYR using the applicable selling exchange rate.
- The exchange rate must be sourced from BNM, any Malaysian commercial bank, international news agencies, or foreign central banks.
- The chosen exchange rate source must be used consistently for at least one year in business reporting and accounting.
Source: kpmg.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.
Latest Posts in "Malaysia"
- e-Invoice Specific Guideline v4.7 & FAQ Updates: What Phase 4 Businesses Need to Know
- Malaysia Clarifies “Used” for Sales Tax Drawback Claims
- Malaysia e-Invoice Regime: Scope, Timelines, Formats, and Key Rules from LHDNM FAQs (2026)
- Malaysia Grants Interim Relaxation for e-Invoice Implementation and Compliance Across Taxpayer Groups
- Malaysia e‑Invoicing: LHDNM General FAQs (Updated 5 May 2026)
