A New Era: Malaysia’s Move to E-Invoicing
On July 21, 2023, Malaysia’s tax authority, the Inland Revenue Board (IRB), introduced new guidelines for electronic invoicing (e-invoicing). This means that instead of paper invoices, businesses will now use digital ones. It will happen in stages, with some businesses starting on June 1, 2024, and all businesses using e-invoices by January 1, 2027.
These guidelines are meant to help businesses understand how to use e-invoicing and explain the technical parts using examples. E-invoicing will make it faster to check and save transaction details, whether it’s between businesses, customers, or the government.
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