04.06.23
E-invoicing implementation in 2024
Malaysia has permitted e-invoicing since 2015 but it is not widely used. According to the 2023 Budget, the Ministry of Finance intends to adopt nationwide e-invoicing to boost revenues and reduce unreported transactions.
The Inland Revenue Board (LHDN) recently announced plans to implement e-invoicing in phases, starting in early 2024. LHDN’s chief executive officer, Datuk Dr Mohd Nizom Sairi, stated that the e-invoicing platform will allow taxpayers to upload and store their purchase records online with LHDN. As a result, receipts no longer need to be kept on paper since they are already available electronically.
Malaysia is one of Tungsten’s key compliant territories. We are observing e-invoicing developments in the country to see how we can best serve our Malaysian customers in the future
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Browse Malaysia updates
E-invoicing guidelines published by IRB
- Mandate information
Phase I e-invoicing roll-out targets 4.000 businesses
- Mandate information
Launch of the Special Voluntary Disclosure Program 2.0
- Country updates
Update on Malaysian e-invoicing mandate
- Mandate information
E-invoicing implementation in 2024
- Mandate information
PM Anwar confirmed GST will not be re-introduced
- Country updates
Adopting PEPPOL for mandatory e-invoicing
- Mandate information
Impose Sales Tax on imports of low value goods
- Country updates
Looking to implement e-invoicing gradually in 2023
- Mandate information
Planning to reintroduce GST to replace SST
- Country updates