Fiscal subject related
General information
Important Updates:
- June 2025: The Ministry of Finance postponed the fourth wave of mandatory MyInvois e-invoicing to January 2026 for businesses with RM1–5 million annual turnover.
- Updated Rollout Schedule:
- 1 Aug 2024: > RM100 million
- 1 Jan 2025: > RM25 million
- 1 Jul 2025: > RM5 million
- 1 Jan 2026: RM1–5 million
- 1 Jul 2026: RM500,000–1 million
- < RM500,000: Exempt for now
Each group receives a 6-month soft launch period before penalties apply.
Technical and Regulatory Enhancements:
- PINT Standard Update: Peppol’s PINT 1.2.0 now includes self-billing, integrated into Malaysia’s localized PINT-MY format.
- April 2025: IRBM released MyInvois 2.1 guidance and SDK 1.0, covering API changes, FX handling, and validation updates.
- Peppol Authority: The Ministry of Communications and Digital was appointed as Malaysia’s Peppol Authority, responsible for onboarding local businesses.
- Soft Launch Terms: For large taxpayers (Aug 2024), real-time invoice validation is optional until Feb 2025. They can submit monthly consolidated reports instead. Voluntary early adopters receive accelerated capital allowances for IT infrastructure investments.
B2C Treatment & Future Guidance:
For B2C transactions, standard receipts may continue, but businesses must later submit consolidated e-invoices for these transactions. Detailed guidance is pending.
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