{Tax Update} e-Invoice Guideline 2.1

01Latest Development on e-Invoice

The Inland Revenue Board (IRB) has issued updated e-Invoice Guidelines, including:

• e-Invoice Guideline (version 2.1)
• e-Invoice Specific Guideline (version 1.1)

02Key updates in the guidelines: e-Invoice Guideline (version 2.1):

• Removed references to non-business transactions between individuals.
• Revised implementation timeline:1 August 2024 - Mandatory for taxpayers with an annual turnover/income exceeding RM100 million.1 January 2025 - Mandatory for taxpayers with an annual turnover/income between RM25 million and RM100 million.1 July 2025 - Mandatory for all other taxpayer categories.

Revised implementation timeline:

1. 1 August 2024 - Mandatory for taxpayers with an annual turnover/income exceeding RM100 million.
2. 1 January 2025 - Mandatory for taxpayers with an annual turnover/income between RM25 million and RM100 million.
3. 1 July 2025 - Mandatory for all other taxpayer categories.

03Key updates e-Invoice Specific Guideline (version 1.1):

• Requires service tax amount inclusion in self-billed e-Invoices for imported taxable services.
• Extends the deadline for issuing e-Invoices for foreign income received in Malaysia from the same month to the end of the following month.

04Reference to Past Blog on e-Invoice

• e-Invoice Guideline 2.0 https://www.ktp.com.my/blog/tax-update-e-invoice-guideline-2/12oct23
• Transition Challenges and Strategies https://www.ktp.com.my/blog/e-invoicing-malaysia-transition-challenges-and-strategies/17aug23
• The Workflow https://www.ktp.com.my/blog/e-invoicing-malaysia-the-workflow/31jul23
• Are You Ready https://www.ktp.com.my/blog/e-invoicing-malaysia-are-you-ready/10aug23
• The Coverage https://www.ktp.com.my/blog/e-invoicing-malaysia-coverage/3aug23
• The Timeline https://www.ktp.com.my/blog/e-invoicing-malaysia-timeline/2aug23

05Source

Guidelines are accessible on IRB's website: www.hasil.gov.my (Home > e-Invoice)

IRB e-Invoice version 2.0 https://www.hasil.gov.my/media/nofmzbk1/irbm-e-invoice-guideline-version-20.pdf

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