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Guidelines for Malaysia's New E-Invoicing Requirements

01 August 2023

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Approved Changes

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Malaysia

The Inland Revenue Board of Malaysia has published guidelines on the new electronic invoicing (e-invoicing) requirements, E-Invoice Guideline (Version 1.0). The guidelines address the scope of implementation of e-invoicing, covering: The e-invoice concepts, presenting them in a clear and accessible manner for taxpayers to easily understand and implement; Step-by-step guidance on key aspects of e-invoicing, including implementation, compliance, and recordkeeping, to ensure taxpayers can follow a structured approach in meeting their obligations; Practical examples to illustrate real-life scenarios, demonstrating how the e-invoicing requirements can be applied in different business contexts; Guidance to assist taxpayers in assessing their readiness for e-invoicing...