Malaysia's Inland Revenue Board has revised e-invoicing guidelines, introducing new exemptions and consolidated conditions for self-billed transactions, with provisions set for implementation by July 2025.
Malaysia: E-invoicing overview
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Author: Ema Stamenković
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Fiscal subject related
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Content accuracy validation date:
21.03.2025
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Malaysia's tax authority, the Inland Revenue Board, has issued some fresh e-invoicing rules. These updates, which came out on January 28, 2025, touch on both the main e-Invoice Guideline (now at version 4.1) and a more targeted Guideline (version 4.0). They mainly deal with self-billed transactions and some new exceptions to the rules.
One of the bigger changes is a list of international bodies that don't have to issue e-invoices. There are also new situations where businesses can group together, or "consolidate," their self-billed transactions. On top of that, when it comes to certain financial actions like reducing capital or buying back shares, buyers now have to handle the self-billed e-invoices themselves.
The updated guidelines also spell out some exceptions for interest payments, especially for banks and other financial players, along with transactions between employers and staff, and specific types of treasury services. Companies need to get up to speed on these changes, as some parts of the rules will be enforced starting July 1, 2025.
Also, Malaysia's government has decided to push back the deadline for micro, small, and medium-sized businesses (MSMEs) to implement e-invoicing until January 1, 2026. This gives businesses with annual sales ranging from 150,000 RM (30,908EUR) to 500,000 RM some extra breathing room to get used to the new system.
According to the updated schedule, businesses bringing in between 500,000 RM (2,426,550EUR) and 25 million RM (5,170,750EUR) annually need to be compliant by July 1, 2025. Smaller businesses will have until the following year, in 2026. To make the switch a bit easier, there is a six-month grace period for both groups.
Also, businesses with annual earnings under 150,000 RM (30,908EUR) are still off the hook. The Inland Revenue Board of Malaysia has updated its e-invoicing guidelines to include these new timelines.
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