E-Invoicing in Malaysia

Mandatory E-Invoicing Implementation: E-invoicing is currently mandatory for large companies in Malaysia via the MyInvois platform, covering all transaction types (B2G, B2B, B2C), with a phased rollout for smaller companies set to begin in August 2024.
Gradual Rollout Schedule: The e-invoicing mandate will be enforced in phases based on company revenue: starting August 1, 2024, for companies exceeding RM 100 million; January 1, 2025, for those exceeding RM 25 million; and by July 1, 2025, for all companies.
E-Invoice Processing and Delivery: Suppliers must submit invoices to MyInvois either manually or via API. Upon verification, the platform generates a Unique Identifier Number (UIN) and a PDF version of the invoice, which suppliers must deliver to buyers.
Grace Period and Exemptions: A six-month grace period will allow companies to issue consolidated e-invoices monthly. The mandate currently applies only to private companies, with exemptions for the public sector and very small businesses earning below RM 150,000.
Alternative Invoicing Methods: Small and medium businesses not yet under the mandate can still utilize e-invoicing through MyInvois or traditional methods, including paper-based invoices, PDF invoices with e-signatures, and EDI, with all invoices required to be archived for seven years.