- Electronic invoicing was implemented in Malaysia for businesses with turnovers exceeding RM 100 Million on August 1, 2024
- The MyInvois Portal, launched by the Inland Revenue Board of Malaysia on June 29, 2024, is at the heart of this transition
- Phase 2 of the e-invoicing mandate will target businesses with turnovers between RM 25 million and RM 100 million starting January 1, 2025
- The MyInvois Portal is a platform designed to simplify and enhance the e-invoicing process
- It offers API integration for high-volume transactions and a manual entry option for businesses without advanced ERP systems
- Key functions of the portal include profile management, document management, and two portal environments for testing and production
- The workflow on the MyInvois Portal involves creation and submission of e-invoices, validation, and notification for both suppliers and buyers.
Source: taxilla.com
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
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.
