On 3 October 2024, the Malaysia Revenue Board (LHDN) issued Version 4.0 of its e-invoice Guidelines.
On August 1, 2024, Malaysia introduced its mandatory e-invoicing regime for B2B, B2C, and B2G transactions. This began with a soft launch, allowing taxpayers the option to report monthly consolidated e-invoices. The e-invoices, formatted in UBL 2.1, must be submitted to the LHDN through the MyInvois portal in XML format or via direct API connection for JSON format.
The implementation schedule for the mandatory pre-clearance e-invoicing is as follows:
- August 1, 2024: Taxpayers with annual turnover exceeding MYR 100 million (~$21 million) must comply (affecting approximately 5,000 taxpayers).
- January 1, 2025: Taxpayers with annual turnover between MYR 25 million (~$5 million) and MYR 100 million.
- February 1, 2025: End of the six-month soft landing phase for large taxpayers from the August 2024 wave.
- July 1, 2025: The e-invoicing mandate extends to all remaining taxpayers.
Businesses with annual sales under RM 150,000 are exempt from this mandate.