On 9th of February, the e-Invoicing Guidelines Version 2.2, e-Invoicing Specific Guidelines Version 2.0 and Software Development Kit (SDK) Beta Version are released to clarified the various invoice scenarios such as self-billing and foreign supplier/buyer besides, API documentation for start testing by the Malaysian related authority,
Each documentation is reviewed by our team and important points are mentioned as follows;
Timeline for Implementation:
- August 1, 2024:Taxpayers with an annual turnover or revenue of more than RM100 million.
- January 1, 2025:Taxpayers with an annual turnover or revenue of more than RM25 million and up to RM100 million.
- July 1, 2025:All other taxpayers.
Threshold determined by statement of comprehensive income in the audited financial statements for financial year 2022.
Scope of Malaysian e-Invoice Regulation:
- Domestic and cross-border transactions.
- Exemptions for government, local authority, or ruler and ruling chief clarified etc.
Types of Transactions:
- B2G, B2B, and B2C transactions.
- Invoice types include: Invoice, credit note, debit note, and refund note.
- Clarification provided on the self-billing scenario.
Mandatory fields clarified with examples (e.g., TIN number for non-Malaysian buyers). Suppliers are allowed to aggregate transactions with Buyers not requiring e-Invoice on a monthly basis. Retrieving and verifying TIN methods are clarified, such as eDaftar.
Exceptions for Consolidated e-Invoice:
If the Buyer does not require to receive an e-Invoice, the Supplier can consolidate transactions with such Buyers on a monthly basis and submit a combined e-Invoice to IRBM within seven (7) calendar days after the month concludes.
Not allowed for specific activities/transactions:
- Automotive
- Aviation
- Luxury goods and jewelry
- Construction
- Wholesalers and retailers
- Licensed betting and gaming
- Payment to agents
Supplier Issuing Methods:
- Online platform (Retailer Web Portal/Mobile App).
- Retailers’ Point-of-sale (POS) system.
- MyInvois Mobile App.
- Post-Transaction Request via Online Platform (Retailer Web Portal/Mobile App).
