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Malaysia publishes mandatory e-invoicing guidelines

Monday 21st August, 2023

The Inland Revenue Board of Malaysia has published guidelines for the implementation of mandatory e-invoicing in Malaysia. As part of these guidelines, IRBM has published frequently asked questions in relation to Malaysian e-invoicing.

Malaysia will implement mandatory e-invoicing through a phased implementation starting with taxpayers that have an annual turnover or revenue of more than RM100 million from 1 June, 2024, and all taxpayers by 2027.

The implementation details are as follows:

1 June, 2024 Annual turnover or revenue of more than RM100 million
1 January, 2025 Annual turnover or revenue of RM50 million up to RM100 million
1 January, 2026 Annual turnover or revenue of RM25 million up to RM50 million
1 January, 2026 All taxpayers and certain non-business transactions

It will be a Continuous Transaction Control (CTC) model with real-time validation of invoices by IRBM. According to Avalara.

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Avalara

Avalara helps businesses of all sizes get tax compliance right. In partnership with leading ERP, accounting, eCommerce and other financial management system providers, Avalara delivers cloudbased compliance solutions for various transactional taxes, including sales and use, VAT, GST, excise, communications, lodging, and other indirect tax types. Headquartered in Seattle, Avalara has offices across the U.S. and around the world in Canada, the U.K., Belgium, Brazil, and India.