Hatice Ozcan
Oct 11, 2024
Malaysia Issues Latest Updates To Its E-invoice Guidelines
On 4 October 2024, the Inland Revenue Board of Malaysia updated the previously published e-invoice Guideline version 4.0. and the e-invoice Specific Guideline version 3.1. addressing the exemptions from e-invoice implementation.
The list of taxable persons exempted from issuing e-invoices (including self-billed e-invoices) was updated as follows:
• Foreign diplomatic office.
• Individuals who are not conducting business.
• Statutory body, statutory authority and local authority, concerning the following:
- collection of payment, fee, charge, statutory levy, summon, compound and penalty by it in carrying out functions assigned to it under any written law; and
- transaction of goods sold and services performed before 1 July 2025.
• International organisation for the transaction of any goods sold or service performed before 1 July 2025.
• Taxpayers with an annual turnover or revenue of less than RM 150 000.
Suppliers who provide goods or services to the persons above are required to issue e-invoices.