Malaysia’s Inland Revenue Board (IRBM) released updates regarding electronic invoicing (e-invoicing) guidelines on 30 July, 2024. These include revised versions of the e-invoice guideline (version 3.2) and the e-invoice specific guideline (version 3.0).
This follows after IRBM released updates regarding electronic invoicing (e-invoicing) on 28 June, 2024. These include revised versions of the e-invoice guideline (version 3.0) and the e-invoice specific guideline (version 2.2).
The key updates
- The revised general e-invoicing guidelines now exempt all taxpayers with an annual turnover or revenue of less than RM 150,000 from the e-invoicing mandate (including self-billed e-invoice) if they fulfil certain additional conditions. For tax purposes, the receipts issued by the persons mentioned above would be used as proof of expense.
- The updated e-invoicing specific guideline provides details about a six-month interim relaxation period from the date of mandatory implementation of each implementation phase, starting 1 August, 2024, during which taxpayers can submit consolidated invoices for all their transactions to the IRB.
These are as follows:
| No. | Targeted Taxpayers | Interim Relaxation Period |
| 1. | Taxpayers with an annual turnover or revenue of more than RM100 million | 1 August 2024 to 31 January 2025 |
| 2. | Taxpayers with an annual turnover or revenue of more than RM 25 million and up to RM 100 million | 1 January 2025 to 30 June 2025 |
| 3. | All other taxpayers | 1 July 2025 to 31 December 2025 |
