The Inland Revenue Board of Malaysia (LHDN) has issued new guidelines and a Software Development Kit for the mandatory launch of its Continuous Transaction Control (CTC) e-invoicing model, MyInvois, in August 2024. This model requires sales invoices (XML) to be sent to the tax authorities for verification via the government’s API.
The rollout schedule is as follows:
August 1, 2024: Taxpayers with an annual turnover above MYR 100 million (approx. $21 million)
January 1, 2025: Taxpayers with an annual turnover between MYR 25 million (approx. $5 million) and MYR 100 million
July 1, 2025: All other taxpayers
MyInvois allows taxpayers to submit issued documents to the tax authority and receive notifications on document issuance events. The API documentation provided by the Malaysian government enables integration with taxpayer ERP systems to automate document processing. For compliance, connecting your ERP, marketplace, or invoicing system to a VAT e-invoicing product is necessary.
Malaysia’s CTC model requires sales invoices (XML) to be verified by tax authorities before being sent to customers, including a unique digital Certification Serial Number and a QR code as well as a PEPPOL option for invoice exchange.
