Malaysia’s IRB launched Phase 3 of its e-Invoicing rollout on July 1, making e-Invoicing mandatory for over 50,000 businesses with annual sales between RM5 million and RM25 million. The free MyInvois e-POS System, previously limited to micro-SMEs, is now available to businesses with sales under RM750,000 (approx. €150,900) helping SMEs simplify operations through integrated sales, inventory, financial reporting, and e-Invoicing functions. Though e-Invoicing for smaller businesses (Phase 5) only starts in 2026, early adoption is encouraged to ease the transition. The initiative reflects Malaysia's broader effort to modernize tax processes and support business efficiency through digitalization.
Malaysia Expands E-Invoicing to Mid-Sized Businesses
Public
Other countries
Author: Ljubica Blagojević
Category:
Fiscal subject related
General information
Views:
428
Content accuracy validation date:
14.07.2025
Content accuracy validation time:
09:36h
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
Thailand's e-Tax Invoice System: A Digital Transition for Business Documents
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
An e–Tax Invoice is a digital tax invoice that replaces paper documents, regulated by Ministerial Regulation No. 384, the Electronic Transactions Act, and ICT Standard Recommendation No. 3-2560. Thailand offers two types: e–Tax Invoice & e–Receipt for all businesses, requiring a Digital Signature and Electronic Certificate, and e–Tax Invoice by Email for small businesses (≤ THB 30 million), verifi... Read more
UAE E-Invoicing: Important Facts & Preparation Guide
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
In the UAE, businesses must adopt e-invoicing by July 2026, requiring updates to systems for compliance with Federal Tax Authority rules. E-invoices need structured data, and all VAT invoices must meet specific format requirements to avoid penalties and ensure accurate reporting. In the UAE, VAT is going fully digital with mandatory e-invoicing, a major shift requiring businesses to upgrade billin... Read more
Overview of Colombia's E-Invoicing & E-Reporting Regulations
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
All VAT-registered entities in Colombia must issue electronic invoices for B2B, B2C, and B2G transactions, with foreign firms required to comply if VAT-registered. Exports have special e-invoices, while imports from non-invoicing suppliers are documented via “support documents.” Nearly all taxable transactions are electronically recorded. Key milestones span from 1995’s legal recognition to 2025’s... Read more
Australia E-Invoicing via Peppol
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Australia employs the Peppol network with a phased, voluntary approach to e-invoicing. B2G transactions with federal agencies are mandatory since 1 July 2022. While B2B adoption is encouraged, it remains non-compulsory. Federal agencies must process ≥30% of invoices via e-invoicing by 1 July 2026. The Australian Taxation Office oversees the network but does not handle individual invoices. E-invoic... Read more
North Macedonia to Launch E-Invoicing Pilot on January 1, 2026
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
e-Faktura reform enhances invoicing, improves VAT compliance, reduces evasion. In June 2025, the Ministry of Finance and the Public Revenue Office introduced the e-Faktura reform, which aims to modernize invoicing by providing a centralized, real-time platform. With a pilot program starting on January 1, 2026, and mandatory adoption by the third quarter of 2026, the system seeks to enhance value-... Read more
China's New VAT Rules Reshape Gold Market: Higher Costs for Jewellery
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
China introduced new VAT rules for the gold market from 1 November 2025 to 31 December 2027. Gold traded directly on the Shanghai Gold Exchange remains VAT-exempt, but when physical gold is withdrawn, treatment now differs: investment gold keeps the 13% VAT on value-added, while jewellery production can only deduct 6% instead of 13%. This raises jewellery manufacturing and retail costs, likely sof... Read more
Philippines: Export-Oriented Enterprises Get VAT Zero-Rating and Exemption Under CREATE MORE Law
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
The CREATE MORE law allows export-oriented enterprises (EOEs) to enjoy VAT zero-rating on local purchases and VAT exemption on importations even without registration for other tax incentives, provided they meet the 70% export sales threshold from the previous year. The goods or services purchased must be directly necessary for export activities, and a wide range of services can qualify. If the ent... Read more