Malaysia Tax Agency Issues Information on E-Invoicing Implementation Requirement for Micro, Small, Medium Enterprises

The Malaysian Inland Revenue Board June 5 issued updated information on the e-invoicing implementation requirement for micro, small, and medium enterprises. The announcement includes that: 1) businesses with annual sales or income below 500,000 Malaysian ringgits (US$118,163) are currently exempt from the requirement; 2) the requirement is postponed until Jan. 1, 2026, for businesses with annual sales or income exceeding 1 million ringgits (US$236,332) and up to 5 million ringgits (US$1.1 million); 3) the requirement is postponed until July 1, 2026, for businesses with annual sales or income up to 1 million ringgits; 4) the requirement deadline is July 1 ...