Starting August 1, Malaysian companies with revenue over RM 100 million must submit e-invoices through MyInvois. The mandate will be implemented in 3 phases: August 2024 for companies over RM 100 million, January 2025 for companies over RM 25 million, and July 2025 for all companies. Suppliers must submit invoices manually or via API in UBL 2.1 format. MyInvois will validate invoices and generate a UIN and PDF with QR code. Taxpayers will have a grace period to issue consolidated monthly e-invoices.
Source The Invoicing Hub
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
