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How Malaysian Businesses Can Leverage E-Invoicing for Growth

  • Benefits of E-Invoicing in Malaysia: Businesses complying with e-invoicing regulations gain improved cash flow, enhanced tax compliance, and stronger business relationships.
  • Implementation and Oversight: The Inland Revenue Board of Malaysia (IRBM) oversees e-invoicing through the MyInvois portal, which is free and accessible for issuing and receiving invoices. Businesses can also use API or PEPPOL network providers accredited by the Malaysian Digital Economy Corporation (MDEC).
  • Mandatory Compliance Timeline: E-invoicing becomes mandatory for all taxpayers by December 31, 2025, with phased implementation starting August 2024, targeting different business sizes and turnover thresholds.

Source Storecove



ee also

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

 

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