Latest updates of e-invoice guidelines and clarifications to the grace period conditions

The Malaysian Inland Revenue Board updated the e-invoicing guidelines, including a 6-month grace period for implementation based on company turnover, allowances for consolidated e-invoices, and no penalties for non-compliance if adhering to the consolidated e-invoicing rules. Taxpayers with an annual turnover or revenue of less than RM150,000 are exempt from e-invoicing.

Source Pagero

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• See also
  • E-Invoicing/Real Time Reporting – What can you find on VATupdate.com
  • Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
  • Collection of E-Invoicing Guides – Worldwide – VATupdate

• Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE

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