(Tax Update) Consolidated Self-Billed for Import of Goods or Services

According to the Inland Revenue Board of Malaysia (IRBM) letter dated 12 August 2024, addressed to the Chartered Tax Institute of Malaysia (CTIM), the following key issues were clarified regarding the implementation of consolidated self-billed e-invoices for the import of goods or services:

01Timing During Relaxation Period

Even during the six-month interim relaxation period, taxpayers must issue consolidated self-billed e-invoices monthly, within seven days after the end of the month.

02Importation of Goods

For goods cleared by customs in August 2024, self-billed e-invoices must be issued as follows:

• Individual e-invoice: By 30 September 2024.
• Consolidated e-invoice: By 7 October 2024.

03Importation of Services:

For services either paid for or invoiced in August 2024:

• Individual e-invoice: By 30 September 2024.
• Consolidated e-invoice: By 7 October 2024.

04Clarifications

No e-invoice is required if goods/services were paid for or invoiced before the mandatory implementation date.

05Further Action

IRBM will provide more details in upcoming FAQs to clarify the e-invoice requirements.

This should provide a clear and concise understanding of the recent e-invoicing updates.

Visit Us

• Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru
• Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

• Website www.ktp.com.my
• Instagram https://bit.ly/3Rko5kN
• Linkedin https://bit.ly/3sapf4l
• Telegram http://bit.ly/3ptmlpn

THK (Secretarial, Bookkeeping, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsourcing bookkeeping, and payroll services to clients

• Website www.thks.com.my
• Facebook https://bit.ly/3nQ98rs

KTP Lifestyle

An internal community for our colleagues on work and leisure.

• Tiktok http://bit.ly/3u9LR6Q
• Youtube http://bit.ly/3ppmjyE
• Facebook http://bit.ly/3ateoMz
• Instagram https://bit.ly/3jZpKLo

KTP Career

An external job community on vacancies in Johor Bahru for interns, graduates & experienced candidates.

• Instagram https://bit.ly/3u2PxHg
• Facebook http://bit.ly/3rPxz9o

#Thk

#KTP