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Introduction of e-Invoice Rules 2024
The Income Tax (Issuance of Electronic Invoice) Rules 2024 [P.U.(A) 265], gazetted on 30 September 2024, provide that any person who carries out a transaction in respect of any goods sold or services performed is required to issue electronic invoices (e-Invoices).
The implementation timeline is as follows:
Taxpayer | Implementation date |
Taxpayers with annual sales of more than RM100 million | 1 October 2024 |
Taxpayers with annual sales of more than RM25 million and up to RM100 million | 1 January 2025 |
All taxpayers | 1 July 2025 |
The Rules are effective from 1 October 2024. A separate Alert will be issued on these Rule