Malaysia is gradually implementing mandatory e-invoicing from August 2024 to January 2026 for businesses with sales over RM150,000. Invoices must be approved by the tax authority before being sent to customers, using the MyInvois system and Peppol network. The rollout supports Malaysia’s push to modernize tax reporting and improve compliance.
Malaysia's E-Invoicing: MyInvois System Goes Live, Phased Implementation
Public
Other countries
Author: Ljubica Blagojević
Category:
General subject related
Views:
3457
Content accuracy validation date:
16.04.2025
Content accuracy validation time:
08:15h
Malaysia is rolling out its MyInvois e-invoicing system in phases, starting with large businesses in August 2024, and gradually expanding to smaller businesses by January 2026. The latest MyInvois 2.1 guidelines (April 2025) include updates on transaction types, new API features, and a software development kit to help businesses integrate. The government has also confirmed Peppol will be used for invoice exchange, with the Ministry of Communications and Digital overseeing it.
E-invoicing is mandatory for businesses with annual sales over RM150,000, with smaller businesses exempt. Each group gets a 6-month soft launch period to adjust before penalties apply. The system uses Continuous Transaction Control (CTC), meaning invoices must be sent to the tax authority for approval before reaching customers. E-invoices will carry a QR code and be submitted in XML or via API.
This move is part of Malaysia's broader tax digitization strategy. Though e-invoicing has been allowed since 2015, it’s now being enforced step-by-step, aiming to improve compliance, reduce fraud, and modernize tax reporting.
Other news from Other countries
Chile Reminder: Deadline Approaching for Document Printing Issues: March 1, 2026
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
The deadline to print required documents is March 1st, 2026. Resolution No. 12 mandates companies to provide printed electronic invoices and receipts, effective May 1st, 2025, alongside digital transmission options. The deadline for anyone who is unable to print the required documents due to a lack of equipment or an unconfigured system is March 1st, 2026. The resolution No.12 that was published o... Read more
China Implements New VAT Law Regulations
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
China’s VAT implementation regulations, effective 1 January 2026, replace the provisional VAT rules and introduce tighter VAT scope and input VAT credit rules, including annual reconciliation for long-term assets over RMB 5 million (approx. €605,404). While VAT rates remain unchanged, compliance complexity increases, and businesses should reassess VAT positions and controls ahead of implementation... Read more
Colombia Approves Temporary 2026 Tax Hikes on Alcohol, Tobacco, and Imports
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
The Colombian Government issued Decree 1474 due to an Economic Emergency, introducing temporary tax measures for 2026 to address a fiscal gap. VAT and excise tax increases apply to liquor, cigarettes, and certain vehicles. Equity tax threshold lowered and progressive rates increased. A special 1% tax on hydrocarbons/coal is extended, and a 19% normalization tax on undeclared assets initiates. Pena... Read more
UAE VAT Rates Overview
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
UAE VAT is crucial for businesses, with a standard rate of 5% on most goods/services. Zero-rated supplies allow input VAT recovery, while exempt supplies incur hidden costs. Compliance and documentation are essential for strategic business insights. Value-Added Tax (VAT) is essential for businesses in the UAE. Understanding rates and compliance impacts your bottom line. Standard Rate: 5% Applies... Read more
Saudi Arabia Extends Tax Penalty Waiver to June 2026
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
On 1 January 2025, Saudi Arabia extended ZATCA’s initiative to cancel penalties for taxpayers until June 2026. Eligible taxpayers must submit returns and pay dues, excluding evasion penalties and those already paid. On 1 January 2025, Saudi Arabia’s Minister of Finance approved a six-month extension of ZATCA’s Initiative to Cancel Fines and Exempt Taxpayers from Financial Penalties. Th... Read more
New Zealand E-Invoicing Overview
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
New Zealand is rolling out e-invoicing in phases, emphasizing government procurement and using the Peppol framework. While adoption is voluntary for businesses, large suppliers will be mandated to send e-invoices by January 1, 2027. E-invoices must follow the Peppol BIS Billing 3.0 specification and include essential GST-related information. The focus is solely on domestic transactions, with no im... Read more
Malaysia Postpones Mandatory E-Invoicing to 2027
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
Malaysia has delayed mandatory MyInvois e-invoicing for businesses with RM1m–RM5m (€190k – €980k) turnover to 1 January 2027, with an extended penalty-free transition, citing readiness and cost concerns. This follows the increase of the exemption threshold to RM1 million, which removes smaller businesses from the scope and cancels the RM500k–RM1m rollout. Larger taxpayers remain on the existing ti... Read more