- The Inland Revenue Board of Malaysia released updated guidelines on e-invoicing requirements
- New e-Invoice Guideline (Version 4.0) and e-Invoice Specific Guideline (Version 3.1) are now available
- Implementation of new rules aligned with Income Tax (Issuance of Electronic Invoice) Rules 2024
- Taxpayers required to issue e-invoices starting from specific dates based on annual turnover
- Penalties for non-compliance begin on 1 October 2024 for taxpayers with turnover over MYR 100 million
- Exemptions from e-Invoice implementation include foreign diplomatic offices, individuals not conducting business, and taxpayers with annual turnover less than MYR 150,000
Source: regfollower.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.
