What is E-Invoicing?
An e-Invoice is a digital version of a transaction between a supplier and a buyer, streamlining the invoicing process. It replaces traditional paper or electronic documents like invoices, credit notes, and debit notes. An e-Invoice includes all the essential information found in conventional documents, such as the supplier's and buyer's details, item descriptions, quantities, prices excluding tax, tax amounts, and the total amount. This digital format helps record transaction data efficiently for daily business operations.
The Government plans to gradually implement e-invoicing to boost the efficiency of Malaysia's tax administration, in line with the Twelfth Malaysia Plan's focus on digital infrastructure and tax digitalization. This system will enable near real-time validation and storage of transactions across B2B, B2C, and B2G sectors.
E-Invoicing in Malaysia
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Refer to https://www.hasil.gov.my/en/e-invoice/ for detailed information.
E-Invoicing in Malaysia
Venturing into future
Implementation Schedule
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The implementation of E-Invoicing will be phased in gradually. It will affect businesses at different timeframes depending on their annual turnover.
01 August 2024
Taxpayers with an annual turnover or revenue of more than RM100 million
01 January 2025
Taxpayers with an annual turnover or revenue of more than RM25 million and up to RM100 million
01 July 2025
All Taxpayers