Relaxation Period for E-Invoice Malaysia: Latest Updates 2024
E-Invoice Malaysia 2024: Implementation Dates and Relaxation Period
Relaxation Period for E-Invoice Malaysia: Latest Updates 2024
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What is the E-Invoice Interim Relaxation Period in Malaysia?
The Government of Malaysia has introduced an interim relaxation period for businesses to smoothly transition to the mandatory adoption of e-Invoice. The relaxation is divided into three stages based on annual turnover:
No Taxpayers Implementation Date
Relaxation Period
1 Taxpayers with an annual turnover or revenue of more than RM100 million 1 August 2024
1 August 2024 to
31 January 20252 Taxpayers with an annual turnover or revenue of more than RM25 million and up to RM100 million 1 January 2025
1 January 2025 to
30 June 20253 All other taxpayers who exceeds RM150,000
1 July 2025 1 July 2025 to
31 December 2025 -
What are the key points during the E-Invoice Interim Relaxation Period?
To ensure a smooth adoption process, the Government has outlined several important measures:- Consolidated E-Invoices:
Taxpayers can issue consolidated e-Invoices for all activities and transactions, including those outlined under Section 3.7 of the e-Invoice Specific Guideline. - Consolidated Self-Billed E-Invoices:
Businesses are allowed to issue consolidated self-billed e-Invoices for the scenarios defined in Section 8.3 of the guidelines. - Description of Product or Service:
Information can be added in the “Description of Product or Service” field for both consolidated e-Invoices and self-billed e-Invoices, along with required reference numbers under Sections 3 and 4 of the guidelines. - No Individual E-Invoices:
Even if a buyer (in the case of e-Invoices) or supplier (in the case of self-billed e-Invoices) requests an individual e-Invoice, businesses are not required to issue them during this period, as long as the guidelines mentioned above are followed.
- Consolidated E-Invoices:
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Will there be any prosecution for non-compliance during the relaxation period?
No, the Inland Revenue Board of Malaysia (IRBM) will not pursue any prosecution under Section 120 of the Income Tax Act 1967 for non-compliance with the e-Invoice requirements during the interim relaxation period, as long as businesses adhere to the outlined guidelines.
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Is there a way to better understand the mechanism, workflow, or implementation of e-Invoice?
Yes, you can gain further insights into the e-Invoice mechanism and workflow by referring to the official guidelines published by the Inland Revenue Board of Malaysia (IRBM).
- Download e-Invoice Guideline Version 4.0 (published on 04 October 2024)
- Download e-Invoice Specific Guideline Version 3.1 (published on 04 October 2024)
- View e-Invoice Illustration Guide (Updated on 11 September 2024)
Additionally, you may consider attending e-Invoice training courses for more detailed guidance.
For more information or to register for these courses, please visit the contact link provided below: ANCGroup_E-Invoice Courses Contact
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