Malaysia is to become the latest country to introduce mandatory electronic invoicing for Sales and Services Taxes from 1 June 2024 to 1 January 2027. Are you ready for it?
Malaysia’s Inland Revenue Board (IRB) has issued guidance notes on the launch of its B2B e-invoicing via a new MyInvois Portal or API interface, and B2C e-Receipt regimes, due to launch on 1 June 2024.
Although the first stage of implementation begins in June 2024 and is mandatory for business with a sales threshold of RM100m per year, the IRB welcomes organisations who are ready to undertake the programme to volunteer themselves for the pilot project.
e-Invoicing will become mandatory for all taxpayers regardless of sales threshold from January 2027. We should get ourselves ready and to gain an understanding and preparation of Malaysian e-invoicing, identify the impacts and operations.
After completing this course, participants will be able to understand and know the following:
An Overview of E-Invoicing in Malaysia
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