e-Invoicing in Malaysia is being gradually implemented with all taxpayers to be included by July 2025
The Malaysian Inland Revenue Board announced a 6-month grace period starting from 1 August 2024. This period gives businesses extra time to sort out their e-Invoices and transactions while keeping them exempt from any penalties. Businesses must meet the following requirements for each period:
1 August 2024 – Annual turnover or revenue of more than RM100 million
1 January 2025 – Annual turnover or revenue of more than RM25 million and up to RM100 million
1 July 2025 – All other taxpayers