Malaysian e-invoicing mandate now effective for large companies

This milestone marks the first step of the three-phase e-invoicing mandate implementation:

• August 1, 2024: mandatory for companies exceeding RM 100 million annual turnover (~20M€)
• January 1, 2025: mandatory for companies exceeding RM 25 million annual turnover (~5M€)
• July 1, 2025: mandatory for all companies

Under this mandate, suppliers must submit all invoices to the MyInvois central platform, either manually via a web interface or automatically through an API in UBL 2.1 format (XML or JSON).

Once the invoice content is verified, the MyInvois platform validates it and generates an e-invoice with a Unique Identifier Number (UIN) and a PDF version of the invoice with a QR code. The supplier is then responsible for delivering either (or both) to the buyer through their preferred channel.

Additionally, as announced a few days ago, taxpayers will benefit from a grace period where they will be allowed to issue consolidated e-invoices on a monthly basis, rather than issuing a separate e-invoice for each transaction. The goal of this grace period is of course to facilitate the transition to the new e-invoicing requirements for the companies impacted.

Visit our Malaysia Country Profile to learn more, to have access to more resources and to stay updated about e-invoicing compliance in this country.