Newly introduced 2024 budget bill includes provisions modifying Malaysia’s e-invoicing mandate introduction schedule. In his bill introductory speech, prime minister and minister off inance declared a two month postponement of the initial stage of e-invoicing obligation together with several other changes. As of now the e-invoicing regime introduction schedule will be shaped as follows:
- August 1st 2024 for taxpayers with turnover >100 million MYR;
- July 1st 2025 other taxpayers in several stages (details and exact dates to be announced)
- B2C transactions reporting dates to be announced
At the same time, no further changes to regime’s planned features were announced.
We are constantly monitoring the situation for any further news about deadline changes and will update this article accordingly.