Regulatory updates - Malaysia

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

E-Invoicing/CTC Model:

- Gradual roll-out as of August 2024: Centralized Pre-clearance

Mandatory Infrastructure:

- Inland Revenue Board of Malaysia (IRBM)

Mandatory Format:

- UBL 2.1 structure in XML/JSON format

Mandatory for Issuing:

- Gradual roll-out:

- August 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: Businesses sales > RM 5 million (approx. EUR 1 million)

- January 2026: Businesses sales > RM 1 million (ca. EUR 220,000) and up to RM 5 million (ca. EUR 1 million) per year

- July 2026: Businesses sales > RM500,000 (approx. EUR 110,000) and RM 1 million (approx. EUR 220,000)

Mandatory for Receiving:

- N/A

- The format in which the e-document is distributed should be mutually agreed between parties.

eSignature:

Yes, digital signature

Archiving Period:

7 years

Archiving Abroad:

Allowed under conditions