Malaysia has just published the e-invocing Guideline version 3.2 and e-invoicing Specific Guideline version 3.0. Before the start of e-invoicing mandate, Malaysia chose a smooth landing and clarified current rules and regulations.
We compiled the significant details which attract the attention :
- The schedule for issuing consolidated self-billed e-invoices aligns with the timeline for issuing consolidated e-invoices as detailed in Section 3.6.2 of the e-Invoice Specific Guideline. Specifically, you must submit the consolidated self-billed e-invoice to the IRBM on a monthly basis, within 7 calendar days after the end of the month.
- Regarding the consolidated self-billed e-invoice, the Buyer, acting as the Supplier, must complete the Supplier’s details and specific transaction information.
- To facilitate the smooth transition and implementation of e-invoices, the Government of Malaysia has agreed on 26 July 2024 to grant taxpayers a 6-month interim relaxation period from the mandatory implementation date of each phase, as outlined below:
| Targeted Taxpayers | Interim Relaxation Period |
| Taxpayers with an annual turnover or revenue of more than RM100 million | 1 August 2024 to 31 January 2025 |
| Taxpayers with an annual turnover or revenue of more than RM25 million and up to RM100 million | 1 January 2025 to 30 June 2025 |
| All other taxpayers | 1 July 2025 to 31 December 2025 |
- Section 16.2 outlines the guidelines provided by the Government of Malaysia during an interim relaxation period for the adoption of e-invoicing. It allows taxpayers to:
- Issuance Consolidated e-invoices: Taxpayers can issue consolidated e-invoices for all activities and transactions, including those specified in Section 3.7 of the guideline.
- Issuance Consolidated Self-Billed e-invoices: Taxpayers can also issue consolidated self-billed e-invoices for circumstances described in Section 8.3 of the guideline.
- Entering Flexible Information: Taxpayers are permitted to include any details in the “Description of Product or Service” field in these consolidated invoices, rather than being restricted to specific reference numbers.
- Avoiding Individual Invoices: Taxpayers do not need to issue individual e-invoices or individual self-billed e-invoices, even if requested by the buyer or supplier, as long as they follow the rules mentioned in items (a) or (b).
Overall, the new versions of the published guidelines stipulate a simplified invoicing process during the transition period.
