Regulatory updates - Malaysia
Get the latest news and updates on e-invoicing, e-ordering, e-archiving and indirect tax regulatory requirements.
Updates of e-invoice guidelines and Software Development Kit for MyInvois System (API)
The Malaysian Inland Revenue Board announced the release of the Software Development Kit version 1.0 and the updates to the e-invoicing guidelines to help taxpayers prepare for the upcoming countrywide e-invoicing mandate.
Release of PINT BIS Malaysia e-invoicing specifications
Peppol announced Malaysian billing specifications compliant with the PINT methodology incorporating invoice and credit note, as well as self-billing invoice and credit note transactions.
Release of Software Development Kit for MyInvois System (API)
The Malaysian Inland Revenue Board announced the release of the Software Development Kit (beta) to help taxpayers prepare for the upcoming mandatory MyInvois System.
IRBM announced new e-invoicing implementation timeline
The Malaysian Inland Revenue Board announced the new gradual roll-out plan of the mandatory e-invoicing implementation and provided clarifications of certain provisions of the previously published e-invoicing guidelines.
The launch of the e-invoicing mandate implementation is delayed to 1 August 2024
The Government of Malaysia unveiled the change to the country-wide e-invoice mandate roll-out.
IRBM provides further guidance on mandatory e-invoice implementation
The Malaysian Inland Revenue Board has updated the previously announced guideline on the gradual roll-out for mandatory e-invoicing for targeted taxpayers and provided further guidance on the implementation.
Progress on the Pilot Implementation Model for Peppol Service Providers by MDEC
MDEC specifies further steps of the Peppol pilot implementation project.
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.
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.
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.
Country Specifications
E-Invoicing/CTC Model:
- Currently: Post Audit
- August 2024: Centralized Pre-clearance
Mandatory Infrastructure:
N/A
Mandatory Format:
N/A
Mandatory for Issuing:
- Currently: No explicit requirements
- Upcoming roll-out:
- Auguts 2024: Businesses sales > RM 100 million (ca. EUR 20 000 000) per year
- January 2025: Businesses sales > RM 25 million (ca. EUR 5 000 000) per year
- July 2025: Rest of taxpayers
Mandatory for Receiving:
- Currently: Written acceptance from the buyer is required
- Upcoming roll-out:
- Auguts 2024: Businesses sales > RM 100 million (ca. EUR 20 000 000) per year
- January 2025: Businesses sales > RM 25 million (ca. EUR 5 000 000) per year
- July 2025: Rest of taxpayers
eSignature:
Not Required
Archiving Period:
7 years
Archiving Abroad:
Allowed under conditions
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Fulfil the Malaysian e-invoicing mandate with Pagero
Find out more about how Pagero's solutions help you comply with the e-invoicing regulations announced by the Malaysian government authority, MDEC.