05.02.23
Update on Malaysian e-invoicing mandate
In a recent workshop session, Lembaga Hasil Dalam Negeri Malaysia (LHDNM) confirmed the previously mentioned deadlines for mandating e-invoicing for all businesses between 2024 and 2027. Here is a summary of the confirmed timelines:
- During 2023, the infrastructure will be prepared, and a pilot project will be launched with selected companies. Companies not selected for the pilot project may voluntarily participate.
- January 2024 – voluntary e-invoicing implementation
- From June 2024: Mandatory implementation for businesses with annual sales exceeding RM100 million.
- From January 2025: Mandatory implementation for businesses with annual sales exceeding RM50 million.
- From January 2026: Mandatory implementation for businesses with annual sales exceeding RM25 million.
- From January 2027: Mandatory implementation for all businesses.
In accordance with the latest information, the model to be implemented would be Continuous Transaction Controls (CTC) where invoices should be cleared with the tax authority. Businesses will submit their e-invoices to LHDNM for verification via API. After the invoice is approved, the LHDNM will generate a Certification Serial Number and send an email to the issuer and recipient.
Browse Malaysia updates
E-invoicing guidelines published by IRB
- Información de la normativa
Phase I e-invoicing roll-out targets 4.000 businesses
- Información de la normativa
Launch of the Special Voluntary Disclosure Program 2.0
- Actualizaciones de los países
Update on Malaysian e-invoicing mandate
- Información de la normativa
E-invoicing implementation in 2024
- Información de la normativa
PM Anwar confirmed GST will not be re-introduced
- Actualizaciones de los países
Adopting PEPPOL for mandatory e-invoicing
- Información de la normativa
Postponement of sales tax on low value goods imported to Malaysia
- Actualizaciones de los países
Impose Sales Tax on imports of low value goods
- Actualizaciones de los países
Looking to implement e-invoicing gradually in 2023
- Información de la normativa
Planning to reintroduce GST to replace SST
- Actualizaciones de los países