Regulatory updates - Malaysia

Get the latest news and updates on e-invoicing, e-ordering, e-archiving and indirect tax regulatory requirements.

Get the latest news and updates on e-invoicing, e-ordering, e-archiving and indirect tax regulatory requirements for Malaysia.
September 29 2023

Progress on the Pilot Implementation Model for Peppol Service Providers by MDEC

MDEC specifies further steps of the Peppol pilot implementation project.

August 30 2023

MDEC has been established as the Peppol Authority in Malaysia

The Malaysian Digital Economy Corporation (MDEC) has become the newest Peppol Authority, operating on behalf of the Malaysian Government.

July 24 2023

Introduction of the guideline for the implementation of mandatory e-invoicing

Malaysian Revenue Board announced the guideline on the gradual mandatory e-invoice implementation for targeted taxpayers.

April 12 2023

Malaysia will introduce a countrywide e-invoicing mandate from June 2024

The Malaysian government plans to introduce a Centralized Pre-Clearance CTC model on all transactions to increase efficiency and strengthen the tax administration. A gradual introduction of the obligation will commence in June 2024 and end in 2027.

November 7 2022

Malaysia’s National e-Invoicing program has stepped forward

The Malaysian government has established strategic collaborations, including governmental agencies and private entities, to deploy a countrywide e-invoicing framework. Pagero has been invited to contribute to the initiative.

June 28 2022

Malaysia to introduce gradual e-invoicing implementation in 2023

To strengthen the efficiency of the government’s tax system and help grow the digital economy, Malaysia announces the implementation of electronic invoicing in phases.

September 21 2018

Malaysia introduces new tax regime

Malaysia’s Prime Minister Mahathir Mohamad announced on May 30 that the country’s Goods and Services Tax (GST) would be abolished. As of September 1, the pre-GST, Sales and Service Tax (SST) was re-introduced, after the approval late in August of both the Sales Tax act 2018 and the Service Tax Act 2018.

Country Specifications

E-Invoicing/CTC Model:

- Currently: Post Audit

- June 2024: Centralized Pre-clearance

Mandatory Infrastructure:

N/A

Mandatory Format:

N/A

Mandatory for Issuing:

- Currently: No explicit requirements

- Upcoming roll-out:

- June 2024: Businesses sales > RM 100 million (ca. EUR 20 770 000) per year

- January 2025: Businesses sales > RM 50 million (ca. EUR 10 400 000) per year

- January 2026: Businesses sales > RM 25 million (ca. EUR 5 200 000) per year

- January 2027: Mandatory for all businesses

Mandatory for Receiving:

- Currently: Written acceptance from the buyer is required

- Upcoming roll-out:

- June 2024: Businesses sales > RM 100 million (ca. EUR 20 770 000) per year

- January 2025: Businesses sales > RM 50 million (ca. EUR 10 400 000) per year

- January 2026: Businesses sales > RM 25 million (ca. EUR 5 200 000) per year

- January 2027: Mandatory for all businesses

eSignature:

Not Required

Archiving Period:

7 years

Archiving Abroad:

Allowed under conditions

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