Malaysia Tax Agency Issues Updated Guidelines on 2023 E-Invoicing Requirements

The Malaysian Inland Revenue Board Oct. 28 issued updated guidelines on 2023 e-invoicing requirements, with examples and FAQs. The updated guidelines include: 1) clarifications on the implementation timeline and exemptions from implementing e-invoicing; 2) clarifications on the transmission mechanisms of an e-invoice through the application programming interface (API); and 3) e-invoicing guidelines on cross-border transactions, profit distribution, foreign income, cybersecurity, and other specific areas. [Malaysia, Inland Revenue Board, 10/28/23]

Reference: View Announcement. View e-Invoice Guideline Version 2.1. View e-Invoice Specific Guideline Version 1.1. View Index.