Invoicing is currently not mandatory in Malaysia.
It will become mandatory for all invoices (B2G, B2B, B2C) following a phased roll-out starting in August 2024, through the central platform MyInvois.
Malaysia’s tax authority, the IRBM, is implementing an e-invoicing mandate for all types of transactions. The mandate will only apply to private companies, with the public sector exempt for now. The mandate will be phased in based on company revenue, starting from August 1, 2024. Suppliers must submit invoices to the MyInvois platform, which will validate them and generate an e-invoice with a Unique Identifier Number and a PDF version with a QR code. All validated e-invoices will be archived by the IRBM and accessible through the MyInvois platform.
Source The Einvoicing Hub
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
