Fiscal subject related
General information
As part of this phase, the IRB is significantly expanding the free MyInvois e-POS System, originally limited to SMEs with sales below RM250,000, now available to those with sales under RM750,000. The MyInvois system integrates sales recording, inventory management, financial reporting, and e-Invoicing, helping SMEs simplify operations.
Though mandatory e-Invoicing for Phase 5 taxpayers (sales below RM1 million) starts July 1, 2026, the IRB encourages SMEs to adopt MyInvois early to improve efficiency and ease future compliance.
The Phase 3 rollout marks a major step in Malaysia’s digital tax transformation, targeting mid-sized businesses and expanding MyInvois to support smaller enterprises. Early adoption by SMEs is critical to avoid operational disruptions when mandatory compliance begins. The initiative reflects Malaysia's broader push to modernize tax administration and improve business efficiency through digital tools.
Other news from Other countries
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New VAT Rates Coming to Estonia

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Singapore Rolls Out Phased Mandatory E-Invoicing

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Philippines Mandates E-Invoicing for Select Taxpayers by March 2026

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Netherlands E-Invoicing: Preparing for Mandatory B2B by 2030

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Understanding Irish VAT for Business

Irish VAT for Business applies to most goods and services, with a standard rate of 23%. Reduced rates apply to certain sectors, while zero rates apply to exports, intra-EU deliveries, and certain foodstuffs. Registration is mandatory for businesses with turnover over €75,000, and distance sales have a €10,000 threshold. Non-compliance can result in penalties. As an EU member state, Ireland applies... Read more