1. 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 2025
   2	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 2025
   3	All other taxpayers who exceeds RM150,000	1 July 2025	1 July 2025 to 31 December 2025

2. 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:

   1. 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.
   2. 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.
   3. 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 the required reference numbers under Sections 3 and 4 of the guidelines.
   4. 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.

3. 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.

4. Is there a way to better understand the mechanism, implementation, reimbursement and disbursement for 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)
      

You may also consider attending e-Invoice training courses for detailed guidance.

For more information or to register, please visit the contact link below: ANCGroup_E-Invoice Courses Contact.