IRB targets 4,000 businesses by August 2024 for mandatory adoption of E-Invoice by Malaysia LHDN for annual turnover of RM 100 million! By July 2025, E-Invoice will become obligatory for all businesses, irrespective of their sales threshold.

The Inland Revenue Board of Malaysia (IRBM) is implementing a new e-Invoicing system to streamline and enhance the country's tax administration. The e-Invoicing system will replace paper invoices with digital invoices that are submitted and validated electronically. This will improve the efficiency of tax collection, reduce fraud and errors, and promote transparency in the tax system.

As part of Malaysia's effort to improve the efficiency of its tax administration management, the Government plans to implement e-Invoice in stages to support the growth of the digital economy. This is in line with the Twelfth Malaysia Plan, which focuses on strengthening infrastructure for digital services and digitizing tax administration.

The Malaysian government has implemented a mandatory e-invoicing system to streamline tax processes and enhance transparency. Businesses with an annual turnover of RM100 million or more are required to implement e-invoicing by August 1, 2024, while all other businesses must comply by July 1, 2025.