Malaysia’s Inland Revenue Board (IRBM) released updates regarding electronic invoicing (e-invoicing) guidelines on 21 February 2024. These include revised versions of the e-invoice guideline (version 4.2) and the e-invoice specific guideline (version 4.1).
The revised guidelines set new deadlines for the country’s e-invoicing mandate. Taxpayers with annual revenues of RM 25 million or less were originally required to comply by 1 July 2025.
This follows after IRBM released updates regarding electronic invoicing (e-invoicing) guidelines on 30 July 2024, such as e-invoice guideline (version 3.2) and the e-invoice specific guideline (version 3.0).
The key updates in this e-invoicing guidelines are:
For new businesses or operations commencing from the year 2023 to 2024 with an annual turnover or revenue of:
- more than RM 500,000 and up to RM 25 million, the e-Invoice implementation date is 1 July 2025 to 31 December 2025;
- up to RM 500,000, the e-Invoice implementation date is 1 January 2026 to 30 June 2026.
For new businesses or operations commencing from the year 2025 onwards, the e-invoice implementation date is 1 January 2026 or upon the operation commencement date.
