General subject related
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
Vietnam Clarifies VAT for Foreign Digital Service Providers
Other countries
Author: Ema Stamenković
Foreign businesses in Vietnam face a 10% VAT on cross-border transactions, impacting pricing and profitability. Services consumed locally are taxed, complicating revenue recognition. Compliance must start before revenue generation, with B2C VAT directly affecting demand and cost structures. Foreign businesses entering Vietnam must treat VAT as a structural pricing constraint from the start, since... Read more
Vietnam: Finance Ministry Simplifies E‑Invoicing for E‑Commerce and Low‑Value Deals
Other countries
Author: Ema Stamenković
Vietnam's Ministry of Finance's draft decree aims to simplify e-invoicing for e-commerce and low-value transactions by involving platform operators for specific sellers. Small businesses can issue daily consolidated invoices, while services like finance may use bulk invoicing. New regulations on VAT, formats, and compliance are outlined. Vietnam’s Ministry of Finance has issued a draft decre... Read more
Electronic Export Invoice (DTE) in Chile
Other countries
Author: Ema Stamenković
To export goods or services from Chile, issue an Electronic Export Invoice (DTE) to comply with SII regulations. This document includes exporter and importer details, product/service descriptions, quantities, values, and transport conditions, justifying the transaction to Customs. Register as an exporter with the SII by submitting Form 3230 and receiving authorization. When issuing an invoice, sel... Read more
Qatar VAT Status
Other countries
Author: Ema Stamenković
Qatar has not implemented a 5% VAT, lacking refund schemes for tourists and businesses. Companies face customs duties, excise taxes, and withholding taxes, while awaiting future VAT compliance requirements. Qatar has not yet implemented Value Added Tax (VAT), despite years of planning a 5% VAT system under the GCC framework. As a result, no tax refund schemes currently exist for tourists or busine... Read more
Tax-Free Retail Era in Qatar: No VAT, No Refunds and 5% VAT Anticipated in 2026
Other countries
Author: Ema Stamenković
Qatar lacks VAT and a tax refund scheme for visitors, resulting in final retail prices without tax surcharges, contrasting with neighboring countries. VAT may be introduced in 2026. The absence of VAT and a tax-free refund scheme for visitors is a feature of Qatar's tax policy rather than a flaw in the system. Since Qatar does not yet have a value-added tax, there is nothing to be reimbursed upon... Read more
Vietnam: Fuel VAT Suspended Until April 2026
Other countries
Author: Ema Stamenković
Vietnam has implemented a temporary 0% VAT on fuel, reducing state budget receipts by 7.2 trillion VND to combat rising oil prices. Vietnam has taken immediate action to protect its economy from rising oil prices. The government has implemented a temporary 0% VAT rate on gasoline, diesel, and aviation fuel from March 26 to April 15, 2026, under Decision No. 482/QD-TTg. The action goes beyond a st... Read more
New Administrative Penalties for Electronic Invoicing Violations in the UAE
Other countries
Author: Ema Stamenković
The Cabinet has reviewed relevant laws and decrees, deciding to implement a framework for Electronic Invoicing. Key definitions include "Electronic Invoice," "Electronic Credit Note," "Issuer," "Recipient," and "System Failure." The Decision addresses violations and related administrative penalties, applies specifically to the Electronic Invoicing System, and will be published in the Official Gaze... Read more