The Inland Revenue Board of Malaysia (IRBM) continues its gradual implementation of mandatory e-invoicing as it approaches the second phase of its roll-out. The first phase, launched in August 2024, mandated e-invoicing for select businesses, and now the IRBM is preparing to expand requirements from companies with annual turnovers between RM 25 million (approx. EUR 5 million) and RM 100 million (approx. EUR 20 million) as of 1 January 2025.   The scope and format of mandatory e-invoices   Under the second phase, e-invoices must be submitted in electronic formats, using the Universal Business Language (UBL2.1) in XML or JSON...