Regulatory updates - Malaysia
Get the latest news and updates on e-invoicing, e-ordering, e-archiving and indirect tax regulatory requirements.
Country specifications
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 500,000 (ca. EUR 110,000) to RM 25 million (ca. EUR 5 million) per year
- January 2026: Businesses sales > RM 150,000 (ca. EUR 35,000) and up to RM 500,000 (ca. EUR 110,000) per year
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