Malaysian tax authority releases updated e-invoicing documentation

The Malaysian tax authority (Inland Revenue Board of Malaysia, IRBM) published an updated and expanded version 2.0 of documentation for the prospective e-invoicing and e-reporting system on September 29th. Apart from updating previous guidelines, IRBM published a whole new document featuring information on specific action scenarios such as self-billing or servicing inter-border transactions. 

Importantly, this version of guidelines states an additional avenue for uploading invoices via Peppol Network Service Providers. It also confirms plans for introducing a consolidated e-invoice for reporting most of B2C transactions. 

The recent release confirms a fast pace of preparations for the system’s phased introduction commencing in July 2024.

There’s more you should know about e-invoicing in Malysia – learn more about the new and upcoming regulations.