- Revised e-Invoicing Timeline: Malaysia has introduced a phased implementation schedule for e-Invoicing based on annual turnover, with deadlines set from August 2024 to January 2026, allowing businesses to prepare adequately for compliance.
- Interim Relaxation Measures: A six-month interim relaxation period for each implementation phase will enable businesses to gradually adopt e-Invoicing practices without immediate compliance pressure, allowing for consolidated invoicing and custom information input.
- Preparation Recommendations: Businesses of varying sizes are encouraged to proactively enhance their invoicing systems, train staff, and utilize government resources during the interim period to ensure a smooth transition into the new e-Invoicing framework.
Source RTCsuite
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