- Malaysia has released a new e-invoicing software and updated guidelines
- The Inland Revenue Board (IRB) released a beta version of the e-Invoicing Software Development Kit (SDK)
- The e-Invoice SDK provides tools and resources for companies to integrate with MyInvois System
- Revised e-Invoicing Guidelines (Version 2.0) introduce a phased implementation schedule
- Mandatory electronic invoicing will be implemented in stages by IRB and MDEC
- Implementation timeline: August 1, 2024 for taxpayers with annual turnover over RM100 million, January 1, 2025 for those with turnover between RM25 million and RM100 million, and July 1, 2025 for all other taxpayers.
Source: tjc-group.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.
