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e-Invoice Guideline
Further to the announcement of the Government’s implementation of electronic invoicing in 2024, the Inland Revenue Board (IRB) published on its website the e-Invoice Guideline (Version 1.0) (Guideline) on 21 July 2023.
The Guideline comprises the following paragraphs:
- 1.0 Introduction
- 2.0 Getting ready for e-Invoice
- 3.0 Data security and privacy monitoring by IRBM
- 4.0 Assessing readiness of e-Invoice
The Guideline also lists the data fields (mandatory and optional) required for an e-Invoice and its annexure, as well as Frequently Asked Questions (FAQs) that taxpayers may have regarding e-Invoice.
The Guideline describes two distinct e-Invoice transmission mechanisms, i.e., a portal hosted by the IRB (MyInvois Portal) and Application Programming Interface (API).
e-Invoice will be implemented in phases, based on the turnover or revenue thresholds of businesses. The e-Invoice implementation timeline is as follows:
|
Timeline |
Targeted taxpayers |
|---|---|
|
1 June 2024 |
Taxpayers with annual turnover or revenue of more than RM100 million |
|
1 January 2025 |
Taxpayers with annual turnover or revenue of more than RM50 million and up to RM100 million |
|
1 January 2026 |
Taxpayers with annual turnover or revenue of more than RM25 million and up to RM50 million |
|
1 January 2027 |
All taxpayers and certain non-business transactions |
For more details, please see Take 5: e-Invoice Guideline: Navigating the future of tax digitalization.