Type: Legislation
On 3 October 2024, the Malaysia Revenue Board (LHDN) issued Version 4.0 of the MyInvois e-invoicing guidelines. As of 1 August 2024, Malaysia’s mandatory e-invoicing regime for B2B, B2C, and B2G transactions went live. Taxpayers above MYR 100 million in turnover can opt for monthly consolidated reporting during a 6-month soft launch, with full live reporting required by 1 February 2025. The MyInvois portal allows submission of e-invoices in UBL 2.1 format, using XML or JSON. Malaysia operates a Continuous Transaction Control (CTC) model, where sales invoices must be pre-verified by the tax authorities before they are sent to customers. Smaller taxpayers will join the system in 2025, with exemptions for businesses below RM150,000 in sales.
Effective date: August 1st, 2024
