- E-Invoicing Mandate Expansion: Starting January 1, 2025, Malaysia’s e-invoicing mandate will extend to mid-sized businesses, with full implementation for all companies set for July 1, 2025.
- Phased Implementation: The second phase targets companies with annual turnovers between RM 25 million (~5 M€) and RM 100 million (~20 M€), allowing a six-month grace period for issuing consolidated monthly e-invoices before penalties for non-compliance take effect.
- Final Phase Details: By July 1, 2025, all businesses in Malaysia will be required to adopt the e-invoicing system, marking a significant step toward a fully digitalized tax administration.
Source The Invoicing Hub
