Type: Legislation
Malaysia’s IRBM introduces B2B and B2C e-invoicing regimes via MyInvois Portal or API interface, effective 1 June 2024. For B2C, suppliers can issue regular receipts until consumers require e-invoices, after which consolidated e-invoices must be provided. The guidance covers the following:
- In-scope transactions;
- Data fields required
- Using MyInvois Portal – submissions, validations, notifications, sharing with counter-parties, rejections,
- Submitting via the API
- FAQ’s
- Data security and privacy issues
Stay updated for further instructions and ensure tax technology systems comply for a seamless transition. Non-compliance may lead to penalties. Act now to keep your business tax-compliant in Malaysia!
Effective date: 1 June 2024
