As announced during the re-tabling of the Malaysia Budget 2023, the Inland Revenue Board (“IRB”) has introduced the implementation of e-Invoicing in phases from 1 June 2024 to 1 January 2027 for targeted taxpayers. e-Invoicing will see a digitalisation of traditional paper-based invoicing to e-Invoicing transmission mechanisms.
To provide guidance on the implementation of e-Invoicing and to address the common questions surrounding it, the IRB has just issued the much anticipated e-Invoicing Guideline. We are pleased to highlight to you some of the salient points in the guideline.
The relevant material and summary can be accessed via the above links.
