Malaysia is gradually implementing mandatory e-invoicing from August 2024 to January 2026 for businesses with sales over RM150,000. Invoices must be approved by the tax authority before being sent to customers, using the MyInvois system and Peppol network. The rollout supports Malaysia’s push to modernize tax reporting and improve compliance.
Malaysia's E-Invoicing: MyInvois System Goes Live, Phased Implementation
Public
Other countries
Author: Ljubica Blagojević
Category:
General subject related
Views:
139
Content accuracy validation date:
16.04.2025
Content accuracy validation time:
08:15h
Malaysia is rolling out its MyInvois e-invoicing system in phases, starting with large businesses in August 2024, and gradually expanding to smaller businesses by January 2026. The latest MyInvois 2.1 guidelines (April 2025) include updates on transaction types, new API features, and a software development kit to help businesses integrate. The government has also confirmed Peppol will be used for invoice exchange, with the Ministry of Communications and Digital overseeing it.
E-invoicing is mandatory for businesses with annual sales over RM150,000, with smaller businesses exempt. Each group gets a 6-month soft launch period to adjust before penalties apply. The system uses Continuous Transaction Control (CTC), meaning invoices must be sent to the tax authority for approval before reaching customers. E-invoices will carry a QR code and be submitted in XML or via API.
This move is part of Malaysia's broader tax digitization strategy. Though e-invoicing has been allowed since 2015, it’s now being enforced step-by-step, aiming to improve compliance, reduce fraud, and modernize tax reporting.
Other news from Other countries
TLv6 Implementation Marks Significant Shift in EU’s Trust List Format
Public
All countries
Author: Ivana Picajkić
A new EU Trust List format, TLv6, will officially replace TLv5 in May 2025 as part of the updated eIDAS Regulation (EU 2024/1183). It introduces key technical changes like a new URI field, updated signature format, and optional phone number support. Organizations must update their systems to avoid signature validation failures and service disruptions, as TLv5 will no longer be valid once TLv6 take... Read more
India's GST E-Invoicing Update: 30-Day Deadline and B2C Expansion
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
From April 1, 2025, Indian businesses with turnover over ₹10 crore (approx. €112,000) must report B2B e-invoices within 30 days or lose GST input credit. Invoices are validated through the IRP, which issues a unique code and QR for sharing. B2C e-invoicing and e-way bill integration are planned by 2026–2027 to improve compliance. Starting 1 April 2025, Indian businesses with annual turnover over ₹... Read more
Chile: Mandatory Printed E-Invoices/Receipts for Customers Starting May 2025
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Chilean Internal Revenue Service (SII) issued Resolution No. 12, requiring e-invoices and e-receipts to be delivered to customers for cash, bank transfers, debit, or credit cards, with the option to send a virtual presentation. On January 17th, Chile's tax authority, the SII, released Resolution No. 12. This resolution details new rules for businesses when giving customers printed copies of electr... Read more
Malaysia's E-Invoicing Mandate: AI Solutions for Compliance
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
The Malaysian Inland Revenue Board (IRBM) is implementing new rules that make e-invoicing mandatory in Malaysia, so businesses will need to adopt automated and AI-driven tools to ensure they're following the regulations. The deadline for e-invoicing in Malaysia starts on August 1, 2024, for larger businesses, and full compliance is expected by July 1, 2025. Companies will have to connect with MyIn... Read more
What are the Differences Between Sales Tax and Use Tax in America?
Public
Other countries
Author: Ivana Picajkić
Other countries
Author: Ivana Picajkić
Sales tax is a small fee added to most purchases, collected by the seller and sent to the government to fund public services. Rates vary by state, and some cities add extra on top. Use tax applies when you buy from out of state or online and don’t pay sales tax, then it’s your responsibility to report and pay it to your state. While both taxes serve the same purpose, they apply in different situat... Read more
South Africa: New Security Rules for Online Payments
Public
Other countries
Author: Ivana Picajkić
Other countries
Author: Ivana Picajkić
As e-commerce fraud rises, new security standards (PCI DSS 4.0.1) will take effect in March 2025, requiring online retailers to secure their entire website, strengthen authentication, and monitor third-party scripts and payment pages. Merchants must assess their compliance level, implement necessary security controls, and document efforts to meet the new requirements, with larger businesses facing... Read more