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.
Other news from Other countries
The UAE E-Invoicing Guidelines
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Author: Ema Stamenković
The UAE e-invoicing model involves a decentralized, Peppol-based framework for in-scope transactions, including B2B, B2G, G2B, and G2G, while excluding B2C. Suppliers must appoint one ASP for e-invoices, maintaining compliance responsibility. Onboarding involves understanding requirements, selecting an ASP, and testing exchanges. Six invoice categories exist, with specified regulations for special... Read more
South Africa’s VAT Modernization: The Roadmap to Mandatory E-Invoicing
Other countries
Author: Ljubica Blagojević
South Africa’s VAT Modernisation program plans a phased move to mandatory e-invoicing and near real-time VAT reporting, supported by SARS strategy documents and reinforced through 2026 stakeholder consultations. While not yet mandated, SARS is preparing structured invoice data reporting to strengthen compliance, reduce fraud, and enable automated monitoring. The model will require businesses to tr... Read more
UAE E-Invoicing Compliance: Complete 2026 Guide
Other countries
Author: Ema Stamenković
The UAE is implementing mandatory e-invoicing by 2026-2027, following Ministerial Decisions No. 244 and No. 243 of 2025. Companies must be ready to receive electronic invoices, designate Accredited Service Providers (ASP), and use the PINT-AE format via the Peppol network, governed by a decentralized model. With a rollout scheduled for 2026 and 2027, the UAE is headed toward mandatory e-invoicing... Read more
New VAT Deemed Supplier Rules for Electronic Marketplaces in Saudi Arabia from Jan 2026
Other countries
Author: Ema Stamenković
The guidance outlines when VAT responsibility shifts to electronic marketplaces, impacting reporting and operations. Deemed supplier status applies to non-resident electronic services and resident non-registered suppliers. Obligations include VAT invoicing and returns. Key exceptions exist, but operational involvement influences VAT responsibilities, especially for food delivery and accommodation... Read more
South Africa Formalizes 2028 Target for Mandatory Peppol-Based E-Invoicing
Other countries
Author: Ljubica Blagojević
SARS is expected to announce its mandatory e-invoicing framework in 2026, with phased implementation leading to full operational capability by 2028 under its VAT modernization program and the 2025 Draft TALAB (Tax Administration Laws Amendment Bill). The model will define structured e-invoices, electronic VAT data reporting, and an interoperability framework using accredited service providers. Sou... Read more
UAE To Launch Mandatory National E-Invoicing System Starting 2026
Other countries
Author: Ema Stamenković
The UAE's transition to a national e-invoicing system shifts tax compliance to real-time reporting. Mandatory phases start in July 2026, requiring businesses to upgrade software, face penalties for non-compliance, and accommodate audits with full digital transaction access. The UAE is transitioning from paper and PDF invoices to a national digital e-invoicing system. This shift moves tax complianc... Read more
Vietnam: Revised Penalties for Invoice and Documentation Violations Under Decree 310
Other countries
Author: Ema Stamenković
Decree 310 establishes tiered penalties for invoice violations based on invoice count and type, including sales and non-sales cases. Penalties range from warnings to significant fines (500,000 - 50,000,000 VND; US$19 - US$2,282). It enforces stricter rules for invoice destruction and strengthens tax officer powers. A single penalty rule consolidates fines for repeated violations, prompting busines... Read more