Countrywide E-invoicing mandate in Malaysia

The Government of Malaysia is introducing a mandatory e-invoicing system through the Inland Revenue Board (IRBM), effective in phases based on company revenue: for companies with annual turnover over RM 100 million August 1, 2024, for companies with turnover over RM 25 million January 1, 2025, and for all companies July 1, 2025. Suppliers must submit invoices via the MyInvois platform in XML or JSON format. Validated invoices will receive a Unique Identifier Number (UIN) and a QR code. A six-month grace period allows businesses to issue consolidated e-invoices monthly instead of individual ones. Exemptions apply to public sector entities and companies with annual revenue below RM 150,000 (~€30K). All invoices must be archived for seven years.