12.22.22
Adopting PEPPOL for mandatory e-invoicing
As stated in the 2023 Pre-Budget statement, the Malaysian Ministry of Finance confirmed to implement e-invoicing as a means of increasing tax revenues and enhancing tax administration.
Recently, the Malaysian Digital Economy Corporation (MDEC) and Malaysian Inland Revenue Board (HASiL) signed a Memorandum of Understanding (MoU) as a sign of strategic collaboration for the implementation of the National eInvoice Initiative.
The National e-Invoicing Initiative will adopt the PEPPOL framework as its e-invoicing structure. It is anticipated that a “Continuous Transaction Control (CTC)” model will also be introduced following e-invoicing adoption to enable real-time tax control. A tentative timeline has been set for Q3 2023, but this is yet to be confirmed.
Browse Malaysia updates
E-invoicing guidelines published by IRB
- Informationen zu Mandaten
Phase I e-invoicing roll-out targets 4.000 businesses
- Informationen zu Mandaten
Launch of the Special Voluntary Disclosure Program 2.0
- Länder-Updates
Update on Malaysian e-invoicing mandate
- Informationen zu Mandaten
E-invoicing implementation in 2024
- Informationen zu Mandaten
PM Anwar confirmed GST will not be re-introduced
- Länder-Updates
Adopting PEPPOL for mandatory e-invoicing
- Informationen zu Mandaten
Impose Sales Tax on imports of low value goods
- Länder-Updates
Looking to implement e-invoicing gradually in 2023
- Informationen zu Mandaten
Planning to reintroduce GST to replace SST
- Länder-Updates