The Malaysian government is implementing e-invoicing in stages to improve tax administration, reduce compliance costs, and streamline business operations. The Inland Revenue Board of Malaysia announced a six-month grace period starting August 1, 2024 for the first group of taxpayers with annual turnover over RM100 million. During this period, taxpayers can issue consolidated e-invoices, and penalties for non-compliance will not apply as long as they comply with the e-invoicing group rules.
Source SNI
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